Recoupment Defined

By: Dean Langdon Recoupment allows one party (Party A) to a contract to keep payments that are due to the other party (Party B) when Party B owes money to Party A at the same time. There must be an over-payment by one party, and the competing claims must arise

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Magnum Hunter Resources Oil & Gas Co. files for Bankruptcy

Another Texas Oil Company Goes Under

When it comes to restructuring finances under the looming shadow of bankruptcy, there’s a lot of pressure to exit bankruptcy as soon as possible. This requires a knowledgeable counsel that can represent the debtor firmly. Over 37 North American oil producers have filed a Chapter 11 in 2015. With the recent

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coal, oil and gas, bankruptcy

Oil and Gas Bankruptcy Filings: March Madness with more to come

Oil and Gas Bankruptcy Filings: March Madness with more to come By Laura Day DelCotto Texas saw two sizable back-to-back chapter 11 bankruptcy filings within the last week in the oil and gas sector. Analysts (correctly) predict this is the calm before the storm absent a price increase. While Kentucky

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