Motion for Case Conversion Filed for Alta Mesa Resources, Inc.
March 02, 2020 at 12:00 am EST
The Official Committee of Unsecured Creditors filed a motion in the US Bankruptcy Court seeking the conversion of Alta Mesa Resources, Inc.'s bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation on March 2, 2020. There is a substantial or continuous loss to the debtor's estate and it is highly unlikely that the debtor will be able to rehabilitate, hence converting to chapter 7 is in best interest of all parties.