CERTIFIED PUBLIC ACCOUNTANTS
 
FRAUD EXAMINERS  
 
RESTRUCTURING ADVISORS

 

Creditor

Getty Petroleum Marketing, Inc.

Getty Petroleum Marketing was a leading marketer of gasoline and oil products. It was a former subsidiary of Russian company Lukoil Holdings. Its primary asset was its network of nearly 800 gas stations in the Mid-Atlantic states which were leased from Getty Realty. The company filed for Chapter 11 bankruptcy in December 2011.

During the fourth quarter of 2014 a first interim distribution was made to holders of allowed claims amounting to approximately 4% of the allowed claims. During the fourth quarter of 2015, a second distribution was made of the remaining funds to holders of allowed claims. During 2016, some additional funds were realized and a final distribution was made during the 3rd quarter of 2016. The overall distribution to the allowed general unsecured - non-priority claims was approximately 10.37%. As of June 30, 2017, there are no remaining assets to be liquidated, and no additional funds available for distribution, nor are any additional funds expected to be available.