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Ranchers.net

Buckwheat announced in so many words that he would put the coal companies out of business.
Walter Energy's bankruptcy is exceptional, both to the state of Alabama and to the coal industry.

The Birmingham Alabama coal company filed for Chapter 11 bankruptcy protection with $5 billion in debts on Wednesday, a number topping Jefferson County's bankruptcy and any other coal company in the country since prices started dropping in 2012.


More than three dozen coal companies filed bankruptcy since 2012, according a report by SNL Energy. With $5 billion in assets, Walter Energy's is the biggest, topping both of Patriot Coal's bankruptcies
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