California Resources Corporation

Company

• Pre-filing annual sales: $3,017 (millions of current dollars)
• Pre-filing assets: $7,970 (millions of current dollars)
• Pre-filing number of employees: 1,250
• Sub-industry: 13 Oil And Gas Extraction
• Place of incorporation: DE
• Court for city of headquarters: CA Woodland Hills
• In business at filing? yes

Bankruptcy case

• Chapter at filing: Chapter 11
• Who filed case? debtors
• Debtor's lead attorney: Sullivan Cromwell
• Date of filing: July 15, 2020
• Judge at filing: Marvin P. Isgur
• Court district of filing: TX SD
• Court city of filing: Houston
• Case number: 20-33568
• Cause of bankruptcy: Not tort
• Forum shop? Forum Shop


• Case transferred? no
• Destination court of transfer: not applicable
• Creditors committee appointed? yes
• §363 sale: no 363 sale
• Dip loan final approval? yes
• Plan type: prenegotiated


• Disposition status: confirmed
• Date of disposition: October 13, 2020
• Judge at disposition: David R. Jones
• Days from filing to disposition: 90

After the case

• Did firm emerge? Company emerged
• Did firm refile? not emerged 5 years