Has anyone ever invested with this company? They are out of KY and TN. They have a bunch of news articles on the internet about how many good wells they have but no one ever seems to make any money with them. Anthony Young has about 10 different companies and goes back and forth raising money with each of them. When they start to get into a little trouble he just switches to the next company. He always stays one step ahead. Please post any info you have on him or his companies.
Young Oil Corporation Files For Chapter 11
Young Oil Corporation filed for chapter 11 bankruptcy protection yesterday at the US Bankruptcy Court for the Western District of Kentucky. The debtor is a privately owned oil and gas exploration company. The petition lists assets of $1 million to $10 million and liabilities of $50 million to $100 million. The listed liabilities include a disputed $33 million unsecured claim owed to Target Oil and Gas Corporation. Download the petition, including the list of the 20 largest unsecured creditors now! (Cost: $29)
• Date Filed: May 19, 2009 • Jurisdiction: United States Bankruptcy Court / Western District of Kentucky • Asset Size: Less than $10,000,000 • Bankruptcy Case Number: 09-10907 • Filed: Voluntarily under Chapter 11 • Attorney for the Debtor: Scott A. Bachert 270-782-3938 • Judge: John A. Lloyd - Chief Judge, United States Bankruptcy Court Phone: (502) 627-5525 • Status: Awaiting first meeting • First meeting of creditors: Sept 16, 2009
For more info, call: Scott A. Bachert - 270-782-3938
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