In early June, 2014, Bloom Electric (located in Oklahoma City) and several affiliated companies filed for Chapter 11 bankruptcy. At the center of the bankruptcy are the two brothers, Richard and David Bloom, who are battling to divide the business between themselves.
Richard Bloom, President and CEO of Bloom Companies, filed the paperwork for Chapter 11 after being unable to reach a settlement with his brother, David Bloom, over company assets.
Bloom Electric Services LLC; Bloom Transportation LLC; Bloom Properties LLC and Bloom Dakotas LLC all filed for Chapter 11 bankruptcy on Sunday in U.S. Bankruptcy Court in Oklahoma City. Bloom Electric Holdings LLC, a holding company for the Bloom companies, also filed for Chapter 11 bankruptcy in May, but U.S. Bankruptcy Court Judge Niles Jackson dismissed the case on Monday.
According to documents filed by David Bloom, the two brothers had run the business together for more than 30 years before deciding to divide it in late 2013. The division was almost complete when, in January, Richard Bloom allegedly had his brother forcibly removed from the companies’ Oklahoma City offices, David Bloom claims.
“Richard Bloom brought in three Oklahoma City police officers to Bloom Electric’s headquarters and orchestrated a public ‘firing’ of David Bloom, along with 12 other key employees that had planned to go to work with David Bloom following the planned company division,” David Bloom claims in court documents.
Richard Bloom claims in court documents that David Bloom and/or another former Bloom employee threatened to “ruin” the company after they were fired and told Bloom workers to walk off job sites, causing work stoppages for contracts with the Grand River Dam Authorityand Chesapeake Energy.
David Bloom’s attorneys filed for the bankruptcy to be dismissed for Bloom Electric Holdings and have a receiver take control.
The Bloom companies provide industrial and infrastructure services for the oil and gas industry, as well as manufacturing and utilities, with a focus on oil field services.
The Forgotson Law Firm is one of Oklahoma City’s premier Chapter 7 and Chapter 13 bankruptcy firms. Call today and schedule your FREE initial consultation. We work with clients in Blanchard Oklahoma, Chickasha Oklahoma, Moore Oklahoma, Mustang Oklahoma, Newcastle Oklahoma, Norman Oklahoma, Pauls Valley Oklahoma, Purcell Oklahoma, Tuttle Oklahoma and Yukon Oklahoma.
Forgotson Law
1230 S.W. 89th, Suite A
Oklahoma City, OK 73139
405-703-4567
Richard Bloom, President and CEO of Bloom Companies, filed the paperwork for Chapter 11 after being unable to reach a settlement with his brother, David Bloom, over company assets.
Bloom Electric Services LLC; Bloom Transportation LLC; Bloom Properties LLC and Bloom Dakotas LLC all filed for Chapter 11 bankruptcy on Sunday in U.S. Bankruptcy Court in Oklahoma City. Bloom Electric Holdings LLC, a holding company for the Bloom companies, also filed for Chapter 11 bankruptcy in May, but U.S. Bankruptcy Court Judge Niles Jackson dismissed the case on Monday.
According to documents filed by David Bloom, the two brothers had run the business together for more than 30 years before deciding to divide it in late 2013. The division was almost complete when, in January, Richard Bloom allegedly had his brother forcibly removed from the companies’ Oklahoma City offices, David Bloom claims.
“Richard Bloom brought in three Oklahoma City police officers to Bloom Electric’s headquarters and orchestrated a public ‘firing’ of David Bloom, along with 12 other key employees that had planned to go to work with David Bloom following the planned company division,” David Bloom claims in court documents.
Richard Bloom claims in court documents that David Bloom and/or another former Bloom employee threatened to “ruin” the company after they were fired and told Bloom workers to walk off job sites, causing work stoppages for contracts with the Grand River Dam Authorityand Chesapeake Energy.
David Bloom’s attorneys filed for the bankruptcy to be dismissed for Bloom Electric Holdings and have a receiver take control.
The Bloom companies provide industrial and infrastructure services for the oil and gas industry, as well as manufacturing and utilities, with a focus on oil field services.
The Forgotson Law Firm is one of Oklahoma City’s premier Chapter 7 and Chapter 13 bankruptcy firms. Call today and schedule your FREE initial consultation. We work with clients in Blanchard Oklahoma, Chickasha Oklahoma, Moore Oklahoma, Mustang Oklahoma, Newcastle Oklahoma, Norman Oklahoma, Pauls Valley Oklahoma, Purcell Oklahoma, Tuttle Oklahoma and Yukon Oklahoma.
Forgotson Law
1230 S.W. 89th, Suite A
Oklahoma City, OK 73139
405-703-4567