unsecured creditors News

Sale of Philadelphia Refinery Nears; Foes Vow Long Legal Fight

NEW YORK — Opponents of Philadelphia Energy Solutions’ bankruptcy plan have vowed a long legal fight if a federal court this week approves a sale that would keep the largest East Coast oil refinery permanently shut while paying out bonuses …

Fire-Damaged Philadelphia Oil Refinery Heads for Auction

NEW YORK — The fate of the largest East Coast oil refinery is set to be decided on Friday in an auction that could determine whether the Philadelphia plant is restarted or used for a different purpose for the first …