D&L Energy files for bankruptcy, company more than $1 million in - 21 News Now, More Local News for Youngstown, Ohio -

D&L Energy files for bankruptcy, company more than $1 million in debt

Posted: Updated:

YOUNGSTOWN, Ohio - A Friday hearing is scheduled in bankruptcy court for two Youngstown companies owned by a man facing criminal charges for alleged environmental violations.

Ben Lupo, the embattled founder of D&L Energy, is seeking chapter 11 bankruptcy protection for D&L Energy and Petroflow Inc. on Salt Springs Road. According to court documents filed Tuesday in Youngstown, D&L has more than $50 million in assets and more than $1 million in debt.

Another document said Petroflow owes more than half a million dollars to more than fifty creditors and has less than $50,000 in assets.

According to the D&L Energy website, Petroflow is a well tending, or pumping company responsible for the routine maintenance and management of wells.

Lupo, recently charged with violating the Clean Water Act, has resigned as trustee and director of the company, handing the reins to his wife, Holly Serensky Lupo. He is charged with violating the Federal Clean Water Act after allegedly ordering an employee of one of his other companies, Hardrock Excavating, to pour drilling waste into a Youngstown storm drain.

Authorities say that waste made its way to the Mahoning River. The Ohio Department of Natural Resources has temporarily suspended D&L's permits pending a future hearing.

 

 

  • More From wfmj.comMore>>

  • Police: Couple used dog to lure 2 Amish girls

    Police: Couple used dog to lure 2 Amish girls

    Thursday, August 21 2014 10:04 PM EDT2014-08-22 02:04:19 GMT
    A woman accused along with her boyfriend of abducting and sexually abusing two young Amish sisters is due in court for a preliminary hearing.More >>
    A northern New York couple used a dog to lure two Amish sisters from their family farm stand with a plan to turn them into slaves, an investigator said Thursday.More >>
  • State won't sell naming rights for Ohio Turnpike

    State won't sell naming rights for Ohio Turnpike

    Thursday, August 21 2014 9:30 PM EDT2014-08-22 01:30:13 GMT
    Ohio will pursue opportunities to collect revenue through sponsorships along the state turnpike but will not sell naming rights for the 241-mile toll road.More >>
    Ohio will pursue opportunities to collect revenue through sponsorships along the state turnpike but will not sell naming rights for the 241-mile toll road.
    More >>
  • Ohio State president meets with band leaders

    Ohio State president meets with band leaders

    Thursday, August 21 2014 9:23 PM EDT2014-08-22 01:23:42 GMT
    Courtesy:  NBC NewsCourtesy: NBC News
    Student and staff leaders of the Ohio State marching band have met with the university's president to share concerns over the firing of a popular band directorMore >>
    Student and staff leaders of the Ohio State marching band have met with the university's president to share concerns over the firing of a popular band directorMore >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms