On April 28, 2022, HONX, Inc. of Houston, TX filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 22-90035). Hess Corp owns 100% of the debtor’s equity. The petition includes a written consent by the independent directors of Honx providing for entry into a funding agreement among the debtor and Hess Corp. The company reports $10 to $50 million in assets and $500 million to $1 billion in liabilities, including approximately $800,000 of intercompany payables to Hess Corp and affiliates. Nearly all of the debtor’s other liabilities are contingent, unliquidated and disputed.
Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtor’s counsel.
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