Tuscany International Files for Chapter 11 to Sell to Lenders

Wednesday, 05 February 2014 01:45
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Tuscany International Holdings (U.S.A.) Ltd. and Tuscany International Drilling Inc., the Alberta, Canada-based provider of onshore drilling and workover services in Colombia, Brazil and Ecuador to oil and gas companies, sought bankruptcy protection in the U.S. with a deal with lenders to sell substantially all of the assets in exchange for debt.

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