Black Jewel Ch. 11 – Emergency Bankruptcy Hearing Underway NOW – Judge Considers Interim, Junior, DIP Financing In Bid To Buy A Few Extra Days For Black Jewel To Find Permanent Solution
Written by Basinradio on July 19, 2019
The emergency hearing also comes on a day when Black Jewel employees learned their health-care and medical coverage had been dropped with medical facilities refusing Black Jewel employee’s insurance and demanding payment for medical services in cash.
The court is now in recess for thirty minutes as the issue of which creditors will be given what considerations under the newly proposed terms. Stay tuned to Basin Radio as this story develops.