Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Bankruptcy/Chapter 11 / Materials

Santa Fe Gold Chapter 11 Petition Filed

Santa Fe Gold and three affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 15-11761. The Company, which engages in the acquisition, exploration, development and mining of mineral properties, is represented by Kenneth J. Enos of Young Conaway Stargatt & Taylor. According to documents filed with the Court, "As a consequence of chronic underfunding, constrained liquidity, an overly-leveraged balance sheet, operational and management challenges and declining precious metals prices, for the past several years the Debtors have pursued a strategic or financial partner."

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