Haynes and Boone, LLP Partner Patrick Hughes was quoted in Power Line, Business Insider’s weekly energy newsletter about Chapter 7 filings in the oil and gas sector.
Here is an excerpt:
Chapter 7 filings will still be rare. ...
Small companies in the oilfield services industry will be most likely to file for Chapter 7, Patrick Hughes of the law firm Haynes and Boone said.
Far more likely than Chapter 7 filings will be creditors converting debt to equity, he added.
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