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Basic Energy Services Bankruptcy

Basic Energy Services and Affiliated Companies | Free Claim Evaluation

Basic Energy Services and its twelve affiliates (referred to collectively as “Basic Energy”) provide production services to oil and natural gas companies in the United States. In August 2021, Basic Energy filed for Chapter 11 bankruptcy in the Southern District of Texas (“the Basic Energy Bankruptcy”).

Basic Energy’s bankruptcy filings reflect that nearly 20,000 businesses and individuals may be owed money in the bankruptcy proceedings. Any business or individual who believes they are owed money by Basic Energy should take immediate action to ensure they receive what they are owed through the Basic Energy Bankruptcy. In many instances, these individuals and 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 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 Basic Energy Bankruptcy, you should contact the attorneys of Peiffer Wolf for a FREE Consultation by calling 504-523-2434 or by filling out an online Contact Form

The Basic Energy Bankruptcy | What Happened & Do You Have a Claim?

According to the bankruptcy filings, the company has faced challenges brought on by the Covid-19 Pandemic. Basic Energy has told the court that it plans to reorganize and sell a portion of its assets to its competitors. The bankruptcy filings indicate the company has assets ranging from $100 to $500 million available to pay its creditors. Basic Energy’s liabilities range from $500 million to $1 billion.

The Basic Energy Bankruptcy Court has fixed a deadline of 11/10/2021 for Basic Energy’s creditors to file proofs of claim. Anyone who believes they are owed money by Basic Energy should take action, as the deadline is rapidly approaching.

The fact that you or your business may be listed as a creditor in the Basic Energy 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 504-523-2434 or by filling out an online Contact Form.

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Attorney Joe Peiffer
JOSEPH C. PEIFFER
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