Seven Seas Petroleum, Inc.


  • Pre-filing annual sales: $29 (millions of current dollars)
  • Pre-filing assets: $504 (millions of current dollars)
  • Pre-filing number of employees: 72
  • Sub-industry: 13 Oil And Gas Extraction
  • Place of incorporation: Cayman Islands
  • Court for city of headquarters: TX Houston
  • In business at filing? no, holding company

Bankruptcy case

  • Chapter at filing: Chapter 11
  • Who filed case? creditors
  • Debtor's lead attorney: Floyd Isgur
  • Date of filing: December 20, 2002
  • Judge at filing: Wesley W. Steen
  • Court district of filing: TX SD
  • Court city of filing: Houston
  • Case number: 02-45206
  • Cause of bankruptcy: Fraud
  • Forum shop? Filed at headquarters

  • Case transferred? no
  • Destination court of transfer: not applicable
  • Creditors committee appointed? yes
  • ยง363 sale: no 363 sale
  • Dip loan final approval? no
  • Plan type: free fall

  • Disposition status: confirmed
  • Date of disposition: August 4, 2003
  • Judge at disposition: Wesley W. Steen
  • Days from filing to disposition: 227

After the case

  • Did firm emerge? not classified
  • Did firm refile? not classified

The BRD has been supported by grants from these organizations:

National Conference of Bankruptcy Judges

Turnaround Management Association

American Bankruptcy Institute

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