Fuel Group Trading Files for Chapter 11 Bankruptcy Amid Legal Claims
Petroleum products dealer Fuel Group Trading LLC has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court to reorganize its business, citing legal claims and unspecified financial challenges. The company listed $751,000 in assets and over $12 million in estimated liabilities including net operating losses and third-party misrepresentation claims.
Topics: bankruptcy legal claims oil industry