RedEagleOil

Red Eagle Oil Auction to Resume

A U.S. Bankruptcy Court in Wyoming has approved Red Eagle Oil Inc. plan to sell off its retail assets. The company is offering its 15 convenience stores in Wyoming for sale individually, in groups or as a package. Under the bid procedures, parties have until May 2 to submit offers, court papers show. An auction

Getty

Details Emerge On Getty Petroleum Marketing Bankruptcy

“We welcome the fact that the process will now have structure and the supervision of the Bankruptcy Court to protect the value of our estate,” says Getty Realty Corp. CEO. Getty Realty Corp. has announced that Getty Petroleum Marketing Inc. (GPM), the company’s largest tenant, has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court,

Getty

Breaking news: Getty Petroleum Marketing Files for Bankruptcy

Gas marketer Getty Petroleum Marketing Inc has filed for Chapter 11 reorganisation, Reuters reported.  The bankruptcy filing comes a week after Getty Realty Corp. threatened to end its lease agreement with the gas-station operator for defaulting on payments. East Meadow, N.Y.-based Getty Petroleum Marketing is the largest tenant of Getty Realty, which owns and leases

acquisition

Eight Buyers Acquire Properties After RPM Bankruptcy

A total of 16 sites were sold in a sealed bid process. NRC Realty & Capital Advisors LLC (NRC) has completed the disposition of 16 operating and recently-closed convenience stores with gas in Alabama, Florida and Georgia, that were owned and operated by RPM Financial LLC and an affiliated company, USA Travel, at the request

gavel

Red Eagle Oil Files For Bankruptcy

Red Eagle cites the economy and an inability to collect money it was owed for its Chapter 11 status. Red Eagle Oil Inc., a Cody, W.Y.-based fuel distribution business and chain of gas stations/convenience stores  filed for Chapter 11 bankruptcy on Aug. 1 in Wyoming’s federal bankruptcy court, citing millions of dollars of debt, the

Convenience Store Auction Announced

Tranzon Auction Properties, along with their partners Tranzon Fox and Tranzon Alderfer, are marketing the Bankruptcy Sale of 21 gas and convenience stores in Delaware, Maryland and Pennsylvania. The stations are currently involved in the bankruptcy case filed in the Eastern District of Pennsylvania, by Universal Marketing Inc. “We’re pleased to bring these properties to

Gas City Files for Bankruptcy

Frankfort, Ill.-based Gas City Ltd., a chain of independent gas stations founded and owned by William McEnery, filed for Chapter 11 bankruptcy protection late Tuesday, Crain’s Chicago Business reported. Founded in 1966, Gas City includes 51 gas stations located mainly in the south suburbs of Chicago, but also in Indiana, Arizona and Florida, and listed

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