Chesapeake stockholders could be 'wiped out' in shale player's Chapter 11 filing

Company confirmed over the weekend it had filed for bankruptcy, to 'facilitate a comprehensive balance sheet restructuring'

Bankruptcy filing: Chesapeake Energy chief executive Doug Lawler
Bankruptcy filing: Chesapeake Energy chief executive Doug LawlerPhoto: RACHEL CZECHOWSKYJ/UPSTREAM
Published 26 June 2020, 18:39Updated 29 June 2020, 15:15