A major US energy company has filed for bankruptcy - Businessinsider...

03/18/15


Businessinsider India

A major US energy company has filed for bankruptcy
Businessinsider India
Unlike Chapter 7 bankruptcy where a company must immediately sell all its assets to pay creditors, a chapter 11 filing gives Quicksilver the chance to restructure its debt. Quicksilver shares plummeting nearly 43% to less than 3 cents a share on Wednesday.

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