🛢 New Chapter 11 Bankruptcy Filing -- Cypress Environmental Partners LP ($CELP)🛢
Successor Lenders to Swap Debt for Equity in Fast Plan Process
On May 8, 2022, Cypress Environmental Partners LP ($CELP) and eighteen affiliates (together, the “debtors”) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Isgur). The company provides environmental services which include inspection, water treatment and more.
The company blames a number of factors for its filing. First, energ…