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Philadelphia Energy Solutions file bankruptcy
July 23, 2019
Source: Reuters

Philadelphia Energy Solutions file bankruptcy

Almost a month after fire and explosion destroyed PES-owned largest refinery on the US east coast, Philadelphia Energy Solutions filed for its second Chapter 11 bankruptcy. The filing comes in less than two years from the first-time bankruptcy filing for the firm. A filing submitted to US Bankruptcy Court showed PES has both assets and liabilities between $1-$10 billion.

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