Walter Energy Judge Says Bankruptcy Headed for `Crash and Burn'By
Lenders scrap deal to take over company for $1.9 billion debt
Walter would have month to reach new deal or go up for sale
The bankruptcy of coal miner Walter Energy Inc. may “crash and burn” because of the lack of cooperation among the company, its lenders and its lower-ranking creditors, a judge said.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.