Entegra Power files for bankruptcy, t...

Entegra Power files for bankruptcy, to cede control to lenders

There are 2 comments on the Reuters story from Aug 5, 2014, titled Entegra Power files for bankruptcy, to cede control to lenders. In it, Reuters reports that:

Independent power company Entegra Power Group LLC filed a prepackaged bankruptcy and expects to emerge from Chapter 11 under the control of its junior secured lenders, according to documents in Delaware's U.S. Bankruptcy Court.

Join the discussion below, or Read more at Reuters.

Sky king

Pine Bluff, AR

#1 Aug 6, 2014
Do not be concerned. They will not stop operations here in Union County and will come out of bankruptcy even stronger.

“The Donald for President”

Since: Mar 14

Narragansett, RI

#2 Aug 6, 2014
Probably a Chapter 11, which involves the reorganization of a company. Not all bankruptcies mean the collapse of a business. It simply allows them to try to make organizational changes and obtain some relief from creditors. People freak out when they hear the word "bankruptcy" , but many companies have come back stronger and more profitable after filing for bankruptcy.

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