New Chapter 11 Bankruptcy Filing - Altera Infrastructure LP

Oil and gas bankruptcy is back baby!

On August 13, 2022, UK-headquartered Altera Infrastructure LP f/k/a Teekay Offshore and 37 affiliates (collectively, the “debtors”) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Isgur). The debtors are midstream players in the oil and gas industry, supplying infrastructure assets to offsh…