Vertex Energy, Inc.

  1. December 20, 2024

    Vertex Energy Approved For Ch. 11 Recapitalization Plan

    Bankrupt fuel refining company Vertex Energy Inc. received approval Friday from a Texas judge for a Chapter 11 plan that will recapitalize the company with up to $100 million of new financing when it emerges from bankruptcy.

  2. December 17, 2024

    Vertex Energy Pivots To Debt Swap In Ch. 11

    Fuel refiner Vertex Energy Inc. has informed a Texas bankruptcy judge it canceled a Chapter 11 sale hearing that was initially scheduled for Tuesday, and that the company was instead pursuing a recapitalization transaction with its lenders after a worthwhile acquisition bid failed to materialize.

  3. November 18, 2024

    Judge Approves Vertex Energy's Ch. 11 Plan Disclosures

    A Texas bankruptcy judge Monday approved the disclosure statement for fuel refiner Vertex Energy's Chapter 11 plan, which could pave a path for recovery to unsecured creditors after a global settlement was reached with the creditor's committee and lender groups.

  4. October 29, 2024

    Fuel Refiner Vertex Gets Final OK On Ch. 11 Funding Use

    A Texas bankruptcy judge on Tuesday granted Vertex Energy final approval to use the rest of its $280 million in Chapter 11 funding after the debtor told the court it had negotiated a proposal that faced no objections.

  5. September 30, 2024

    J&J Fights For Ch. 11 Venue, NY Diocese Settles For $323M

    Johnson & Johnson and the Justice Department are set to face off in a dispute over whether the consumer products giant was justified in putting a talc unit into bankruptcy in Texas this month, after the U.S. Trustee's Office accused J&J of "forum-shopping" its third Chapter 11 filing.

  6. September 25, 2024

    Fuel Refiner Vertex Hits Ch. 11 With $422M Debt, Lender Deal

    Oil refiner Vertex Energy filed for Chapter 11 protection with $422.5 million in debt and plans to pursue a sale under a prenegotiated restructuring agreement.