Attorneys Jon Brakke and Caren Stanley will speak on June 3, 2020 at the Agricultural Law & Bankruptcy Law Virtual Seminar sponsored by the State Bar Association of North Dakota. They will lead a discussion of recent Chapter 11 commercial and agriculture-related cases in North Dakota and outline the “Top Five Things I Wish I…

By Caren Stanley Whiting Petroleum filed for Chapter 11 bankruptcy on April 1, 2020 in the United States Bankruptcy Court for the Southern District of Texas, Case No. 20-32021. In a Chapter 11 bankruptcy case, the debtor continues operations and attempts to restructure its debts as contrasted with a Chapter 7 bankruptcy case in which…

By Josh Swanson and Caren Stanley The tsunami that has rocked the oil and gas industry claimed its biggest fish yet as Whiting Petroleum, one of the largest operators in North Dakota, filed for Chapter 11 bankruptcy on April 1. A depressed market in the wake of the COVID-19 pandemic, coupled with the ongoing strife between…