Beal Bank USA and CLMG Corp. have filed an involuntary petition under chapter 11 of the Bankruptcy Code against Bennu Titan LLC (f/k/a ATP Titan LLC) before the United States Bankruptcy Court for the District of Delaware (Case No. 16-11870). The case has been assigned to the Honorable Laurie Selber Silverstein. The debtor appears to be an affiliate of Bennu Oil & Gas, a Houston-based deep water oil exploration firm. Beal Bank USA asserts a claim of $180,415,444.79 against the debtor.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.