According to his own court filings, Sonny Pilcher owes nearly $6 million to individuals and businesses, but there have been allegations he has been hiding assets, too.
Peabody's North Antelope Rochelle mine has largely avoided the job cuts at other mining operations and has increased its employment by 4 percent since 2011.
Casper businessman Sonny Pilcher, who is serving a one-year prison sentence for tax fraud, owes creditors more than $5.2 million, according to his petition for Chapter 7 bankruptcy protection.
Some major companies and corporations such as MF Global and AMR, the parent company of American Airlines, have filed for bankruptcy.
In the process, they may have, directly or not, caused some people to go bankrupt.
Citing the economic downtown and rising food costs, the parent of the Friendly’s restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday and closed 63 underperforming stores.
The 76-year-old franchise, based in Wilbraham, Massachusetts and known for its ice cream and hamburgers, will continue to operate more than 400 restaurants as it restructures.