Vanguard Natural Resources, LLC, along with its 11 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on March 31, 2019. The debtor listed its assets of $77.47 million and liabilities of $881.88 million. The debtor is represented by Brian E Schartz of Kirkland and Ellis LLP and Blank Rome LLP as its legal counsels, Evercore Group L.L.C. as financial advisor and getting a monthly fee of $175,000, and investment banker, Opportune LLP as restructuring advisor and Prime Clerk LLC as notice, claims, and balloting agent and as administrative advisor.