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:
By Mike Gauntner, Online Content Manager - email

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.

 

 

  • SpotlightSpotlight

  • Memorable Meals will highlight the Valley's delicious ethnic food traditions and heritages; celebrate family meals from the garden and special foods of restaurants old and new; and connect the current local
    Memorable Meals will highlight the Valley's delicious ethnic food traditions and heritages; celebrate family meals from the garden and special foods of restaurants old and new; and connect the current local food trend with the Valley's deep agricultural roots.

  • Join 21 WFMJ and WBCB for the Mahoning Valley St. Patrick's Day Parade on Sunday, March 16th at 1 p.m. in Boardman!
    Join 21 WFMJ and WBCB for the Mahoning Valley St. Patrick's Day Parade on Sunday, March 16th at 1 p.m. in Boardman!

  • In this installment of Take 5 with the Regional Chamber, we'll give you a glimpse at how the March of Dimes is working to help the Valley's premature infants live full, healthy lives.
    In this installment of Take 5 with the Regional Chamber, we'll give you a glimpse at how the March of Dimes is working to help the Valley's premature infants live full, healthy lives.
    •   

  • Around the Web

  • Tuesday, March 11 2014 6:48 PM EDT2014-03-11 22:48:35 GMT
    LEBANON, Ohio (AP) - A prosecutor says a southwest Ohio man has been sentenced to eight years in prison after he was convicted of driving while under the influence for a seventh time in the last 14 years. A
    LEBANON, Ohio (AP) - A prosecutor says a southwest Ohio man has been sentenced to eight years in prison after he was convicted of driving while under the influence for a seventh time in the last 14 years. A

  • Tuesday, March 11 2014 6:33 PM EDT2014-03-11 22:33:55 GMT
    HARRISBURG, Pa. (AP) - Pennsylvanians are in line for another blast of cold, rain, snow and wind as the long winter is preparing to deliver another blow. Forecasters said warm temperatures on Tuesday
    HARRISBURG, Pa. (AP) - Pennsylvanians are in line for another blast of cold, rain, snow and wind as the long winter is preparing to deliver another blow. Forecasters said warm temperatures on Tuesday

  • Monday, March 10 2014 8:18 PM EDT2014-03-11 00:18:43 GMT
    PARMA, Ohio (AP) - A substitute teacher and five students at a suburban Cleveland high school face charges after police say a 14-year-old developmentally disabled boy was bullied in gym class. Police
    PARMA, Ohio (AP) - A substitute teacher and five students at a suburban Cleveland high school face charges after police say a 14-year-old developmentally disabled boy was bullied in gym class. Police
    •   
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