In part I of our series Assistant Secretary of the Department of Energy, Steven Winberg provided a positive outlook for the Fossil Fuel Industry due to the support of the DOE through various initiatives and programs. In part II we noted that even prior to COVID-19 many coal, oil and gas operations were in financial distress, reviewed the current state of the Fossil Fuels Industry and concluded that many in the Industry must either find ways to weather the storm or face liquidation. Part III of our series will review the role potential or actual liquidation plays in business decisions, Chapter 7 and 11 Bankruptcy cases and, potentially, national energy policy making in the coal, oil and gas industry.

To this this end, Part III will discuss:

• Business wind down planning and management of environmental and other liabilities
• Bankruptcy Code Section 363 sales and successor liability
• Liquidating plans under Chapter 11 of the Bankruptcy Code
• Liquidating Trusts
• Abandonment of property and surcharges against collateral
• Chapter 7, Liquidations