White Stallion Energy Files for Bankruptcy; 260 Individuals Terminated

White Stallion Energy in Evansville filed for Chapter 11 Bankruptcy on Wednesday, with approximately 260 individuals employed by the company also being terminated in the process.

Posted: Dec 3, 2020 1:08 PM
Updated: Dec 4, 2020 9:09 AM

White Stallion Energy in Evansville has filed for Chapter 11 Bankruptcy.

Documents were filed by the company on Wednesday in the U.S. Bankruptcy Court for the District of Delaware.

A separate document lists approximately 260 individual terminations as a result of the company filing for bankruptcy.

Unsecured claims owed by White Stallion Energy include Old National Bank, which has over $10 million in bank loans, over $420,000 in property taxes in Dubois County, over $370,000 in property taxes in Daviess County, and other businesses across the nation. Overall, the company has around $50 million owed in unsecured claims.

The company owns mines in both Indiana and Illinois.


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