2014

Trustee Enforces Mining Company Indenture Obligations

A Trustee held security in the form of waste coal owned by IBCS Mining. The security was granted for the benefit of surety bonds holders issued under an individual surety program conducted by the owner of IBCS. IBCS filed a chapter 11 case, in which it was ultimately determined that the waste coal, valued and appraised at one time to be worth as much as $100 million, was worth in a sale only $1,500. Faegre Baker Daniels represented the trustee in this chapter 11 case.

Services & Industries

The Faegre Baker Daniels website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Baker Daniels' cookies information for more details.