Texaco Inc.


  • Pre-filing annual sales: $85,829 (millions of current dollars)
  • Pre-filing assets: $92,015 (millions of current dollars)
  • Pre-filing number of employees: 51,978
  • Sub-industry: 29 Petroleum Refining And Related Industries
  • Place of incorporation: DE
  • Court for city of headquarters: NY White Plains
  • In business at filing? yes

Bankruptcy case

  • Chapter at filing: Chapter 11
  • Who filed case? debtors
  • Debtor's lead attorney: Weil Gotshal
  • Date of filing: April 12, 1987
  • Judge at filing: Howard Schwartzberg
  • Court district of filing: NY SD
  • Court city of filing: White Plains
  • Case number: 87-20142
  • Cause of bankruptcy: Other tort
  • 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? data not available
  • Plan type: free fall

  • Disposition status: confirmed
  • Date of disposition: March 23, 1988
  • Judge at disposition: Howard Schwartzberg
  • Days from filing to disposition: 346

After the case

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

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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