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Bankrupt coal company Blackjewel was ordered by a federal judge last month to clean up a Kentucky mine site. In a bankruptcy court ruling, Judge Benjamin

Blackjewel’s Bankruptcy Filing Is a Harbinger of Trouble Ahead for the Plummeting Coal Industry The company wants to walk away from almost 200 mining permits in four states, potentially leaving thousands of acres of environmentally damaged land. March 3, 2021 Unemployed Blackjewel coal miner David Pratt holds his daughter Willow as he walks across railroad tracks that lead to one of the company's mines near Cumberland, Kentucky in 2019. Blackjewel miners found themselves unemployed when the company declared bankruptcy and the workers' final paychecks bounced, leading them to blockade the tr...

By Matt Hepler and Molly Moore UPDATE, Jan. 11, 2020: Following multiple objections to Blackjewel’s proposed Chapter 11 plan, Blackjewel filed an amended plan the morning of the December 17 hearing, striking the use of a reclamation trust. During the hearing, Judge Benjamin Kahn denied former Blackjewel CEO Jeff Hoops’ petition to move the bankruptcy proceeding from a Chapter 11 reorganization plan to a Chapter 7 liquidation plan, but did not rule on the proposed Chapter 11 plan, given the last-minute changes. Blackjewel stated in a Dec. 23 filing that it was seeking to abandon all of ...

The Winston-Salem restaurant chain disclosed its latest bankruptcy reorganization proposal in a status report filed Friday. "While we were hopeful we would find a buyer for K&W Cafeterias, given the current COVID-19 climate, we were not surprised that a buyer did not come forward with an acceptable offer," K&W president Dax Allred told the Winston-Salem Journal on Friday. "We are working with our attorney to finalize a reorganization plan to be presented to all parties of interest, where K&W will continue to operate." The company has until Dec. 31 to file its next proposed reorganization plan...

K&W said it may "seek a modification of the sale procedures order and the bidding procedures, and hold the auction on a later date." K&W, a staple of Southern comfort foods for 83 years, filed for bankruptcy protection Sept. 2 as the latest step in a corporate downsizing that began before the COVID-19 pandemic. The initial bankruptcy filing listed assets of more than $30 million. The company has liabilities of more than $22 million, of which $12.56 million is with creditors holding secured claims on property, and the rest unsecured claims. It has between 100 and 199 creditors. On Nov. 2, fede...