A bankrupt San Antonio-area oil and gas service company had its books and records burned and buried after an accountant was served with a subpoena to turn them over, a bankruptcy trustee says in a new lawsuit. John Patrick “Pat” Lowe, the trustee appointed to administer Marion-based Cinch Wireline Services LLC’s Chapter 7 bankruptcy case, also alleges that substantial assets belonging to the debtor have been removed and hidden — with some taken to a property owned by a South Texas judge.
Eagle Ford Shale company exits bankruptcy so it can avoid shutting down Lowe alleges they “created and perpetuated a fraud on Plaintiff and the public.” His lawsuit also names as defendants more than a dozen companies affiliated with Cinch Wireline officials. On April 10, Lowe obtained a temporary restraining order to prevent further destruction of records or theft of property by the defendants. In granting the order without the defendants in court, Chief U.S.