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Home›Transport lending›Texas Energy Co. Brilliant Hits Ch. 7 With $ 60 Million Debt

Texas Energy Co. Brilliant Hits Ch. 7 With $ 60 Million Debt

By Linda Glidden
May 7, 2021
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By Rick Archer (Mar 17, 2021, 8:01 p.m. EDT) – Another Texas electricity company has filed for bankruptcy after last month’s winter storm that freeze its unpaid bills from $ 15 million to $ 60 million.

Brilliant Energy LLC, a Houston-based power retailer, filed for Chapter 7 bankruptcy protection Tuesday as it became the newest company in its industry to be tumbled to the ground by rising electricity bills after the February state grid freeze was near collapse.

At a virtual hearing before U.S. bankruptcy judge David Jones on Wednesday, brilliant lawyer Matthew Okin said …

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