Fuller Oil and Propane

[jeffk]

Originally Posted by PaugusBayFireFighter

...
The filing also stated that after exempted property is excluded and administrative costs are paid, there will be no money left over for unsecured creditors. ...

My understanding of this is that anyone that has been paying on budget or did a prebuy is at risk. How about price cap insurance? Any money that came in for those things would be used to satisfy primary creditors. I think that any such pre payments would be considered debts in the form of oil owed. I would be VERY concerned about the result of the court action. Plus, my bet is that Sprague will lose money on this. They are not going to extend credit to Fuller for a while. That will keep pressure on Fuller's ability to supply oil.

LOTS of unknowns. LOTS of risks.

I moved to Stafford and I am SO GLAD that I did.