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Published on 8/27/2019 in the Prospect News Distressed Debt Daily.

White Star Petroleum postpones bid deadline, auction and sale hearing

By Caroline Salls

Pittsburgh, Aug. 27 – White Star Petroleum Holdings, LLC has extended the deadline for bids on its assets and rescheduled the auction and sale hearing, according to a notice filed Monday with the U.S. Bankruptcy Court for the Western District of Oklahoma.

Bids are due by 1 p.m. ET on Sept. 5, pushed back from Aug. 20.

The auction was rescheduled for Sept. 11 from Aug. 27 and the sale hearing for Sept. 26 from Sept. 12.

The company filed bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on May 28, and the case was transferred to Western Oklahoma on June 30. The Chapter 11 case number is 19-12521.


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