Flying J Inc.

Flying J Inc.

Flying J Inc.

Flying J Inc. Said Monday that it and some of its subsidiaries have filed for Chapter 11 bankruptcy that the company blamed on a cash crisis brought on by declining oil prices and tight credit markets. The Ogden-based oil refiner, transporter and travel-center owner listed assets of more than $1 billion and debt of $500 million to $1 billion in court documents filed Monday in Wilmington, Del. The company plans to continue its normal operations through the bankruptcy reorganization and does not expect to lay off any employees, said J. Phillip Adams, Flying J's president and chief executive officer.
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