Attar Trading Corporation - Multiple Bankruptcy Filings Including Timec Entities and Attar Trading Corporation
On September 1, 2026, Attar Trading Corporation filed for bankruptcy in the E.D. Va, while Timec Specialty Services, Inc., Timec Oil and Gas, LLC, HRI Incorporated, Timec Upstream Holdings, LLC, Timec Oil and Gas, Inc., Timec Services Company, Inc., and Timec Oilfields, LLC filed in the S.D. Tex, with estimated liabilities undisclosed.
Why this matters
Attar Trading Corporation, a company involved in the trading and distribution of various commodities, filed for bankruptcy on September 1, 2026, in the Eastern District of Virginia. Concurrently, several entities under the Timec umbrella, including Timec Specialty Services, Inc. and Timec Oil and Gas, LLC, filed for bankruptcy in the Southern District of Texas. The filings did not disclose estimated liabilities, and the reasons behind the bankruptcy filings were not specified in the available sources. The proceedings may involve a 363 sale process, which allows for the sale of assets free and clear of liens, claims, and encumbrances, potentially impacting creditor recovery.