Did your broker recommend investing in Enervest? If so, call us at 708 203-5747 to see if you may be able to get your money back. EV Energy Partners has agreed to a bankruptcy plan with a majority of its lenders to renegotiate its debt and restructure its ownership in order to avoid a financial default.
"We believe that this provides the best path forward for our company to reduce leverage, maintain access to liquidity and maximize value for all of our stakeholders. During the restructuring and upon emergence, we expect to have ample liquidity and do not anticipate the need for debtor-in-possession financing or other additional capital," said EV Energy CEO Michael Mercer.