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U.S. Energy Systems, Inc. Files Chapter 11 Seeking to Expedite Strategic Restructuring Process and Fund UK Operations.
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PR Newswire
- Article date:
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January 9, 2008
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Copyright informationCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Excluded from Chapter 11 Filings are USEY's UK Energy Systems Ltd. and Subsidiaries and U.S. Energy Biogas and Subsidiaries -
AVON, Conn., Jan. 9 /PRNewswire-FirstCall/ -- U.S. Energy Systems, Inc. (Pink Sheets: USEY) today announced that it has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of New York ("the Court"). The Company's U.S. Energy Overseas Investments LLC and GBGH, LLC subsidiaries also have filed petitions for reorganization. The Company's wholly-owned subsidiary U.S. Energy Biogas Corp. (USEB) and the USEB subsidiaries, and UK Energy Systems Ltd. (UKES) and the Company's other UK ...
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