Paradox Resources files for bankruptcy


Helium processing business Paradox Resources has filed for bankruptcy.

The filing states that the company has assets of $50m to $100m and liabilities of $50m to $100m. The affiliates filing as co-debtors are Capital Commercial Development, Four Corners Energy, Four Corners Pipeline, Neuhaus Barrett Investments, Paradox Midstream, and Paradox Upstream.

The petition states that funds will be available to unsecured creditors.

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