HOUSTON, Oct. 20, 2020 /PRNewswire/ –Yuma Energy, Inc. (OTC Pink:YUMAQ) (“Yuma” or the “Company”), together with its subsidiaries Yuma Exploration and Production Company, Inc., Davis Petroleum Corp., and The Yuma Companies, Inc. (collectively, the Company and the filing subsidiaries, the “Debtors”), announced today that its voluntary Chapter 11 petition for relief under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas (the “Bankruptcy Court”), filed on April 15, 2020, has been converted to a Chapter 7 liquidation.
The Debtors intended to use the Chapter 11 process to implement the orderly liquidation of their assets in an effort to maximize values and recoveries for all stakeholders and …
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