Agilon Energy Holdings II, Victoria Port Power, & Victoria City Power | Free Claim Evaluation
Agilon and its affiliates (referred to collectively as “Agilon”) operate power production plants in Victoria, Texas. In June 2021, Agilon filed for Chapter 11 bankruptcy in the Southern District of Texas (“the Agilon Bankruptcy”).
Agilon’s bankruptcy filings reflect that nearly 150 individuals and small businesses may be owed money in the Agilon Bankruptcy. Any individual or business who believes they are owed money by Agilon should take immediate action to ensure they receive what they are owed through the Agilon Bankruptcy. In many instances, these individuals and small businesses are required to file a “proof of claim” with the bankruptcy court stating the amount they are owed and the basis for the claim. Failure to file a proof of claim by the deadline fixed by the court might result in the loss of the money you or your company may be owed. In this case the court has set a claim deadline of 11/10/2021.
The lawyers at Peiffer Wolf Carr Kane & Conway (“Peiffer Wolf”) represent individuals and small businesses in bankruptcy cases. Our goal is to ensure that our clients receive every dollar they possibly can through the bankruptcy process. If you believe that you or your business may be owed money in the Agilon Bankruptcy, you should contact the attorneys of Peiffer Wolf for a FREE Consultation by calling 504-605-1542 or by filling out an online Contact Form.
The Agilon Bankruptcy | What Happened & Do You Have a Claim?
According to documents filed in the bankruptcy case, Agilon’s facilities experienced initial construction delays and unforeseen maintenance issues. Issues caused by Winter Storm Uri in February 2021 caused Agilon to incur additional operating costs as its facilities were not built to operate in sub-freezing temperatures. The initial construction and maintenance costs compounded by the operating debt sustained during the winter storm proved to be too much for Agilon, prompting the company to file for Chapter 11 bankruptcy in June 2021. Agilon has told the court that it plans to reorganize its debts or sell the business. We estimate that Agilon has assets of $100 million or more available to pay its creditors.
The Agilon Bankruptcy Court has fixed a deadline of 11/10/2021 for Agilon’s creditors to file proofs of claim. Anyone who believes they are owed money by Agilon should take action, as that deadline is rapidly approaching.
The fact that you or your business may be listed as a creditor in the Agilon Bankruptcy does not mean you have been sued. Neither you nor your business is required to take action; however, failure to do so may result in no recovery of what you may be owed in the bankruptcy proceeding.
If you want your case reviewed, the attorneys at Peiffer Wolf will discuss your possible recovery options with you at no charge. Contact us for your FREE Consultation by calling 504-605-1542 or by filling out an online Contact Form.
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