A company has been experiencing a large amount of debt for the last few years. Green Field Energy leases equipment to other businesses, and recently, the Louisiana company lost one of its biggest clients. Accordingly, it filed for Chapter 11 bankruptcy protection.
The business employs hundreds of workers and has 14 different locations. Back in 2010, Green Field Energy switched its line of practice to facilitate machinery which drills for natural gas. It took on additional debt for that purpose. In spite of generating a large amount in revenue between 2013 and 2013, the company did not yield profits.