Pettit Oil customers who are owed money must file claim this week

Tacoma News TribuneJune 3, 2014 

A man with a rental truck enters the headquarters of Pettit Oil Company in Lakewood in late May. He said he was gathering documents related to the company's bankruptcy.

PETER HALEY — Staff photographer Buy Photo

Heating oil customers who are out money they paid to Pettit Oil Co. have until Thursday to file a claim with the federal bankruptcy court.

Pettit went out of business in January after its bankruptcy reorganization became a liquidation.

As of last week, more than 1,100 home heating oil and other Pettit creditors have filed claims with the court. The list is 37 pages long.

Those still wishing to file claims have until Thursday to do so, though a claim is no guarantee of repayment. If Pettit’s original estimates prove correct, the company’s assets fall nearly $4 million short of covering all of its liabilities.

Deborah Crabbe, a Seattle attorney representing bankruptcy trustee Kathryn Ellis, estimated that the process of selling Pettit’s assets, recovering money that may have been inappropriately paid out before the bankruptcy filing and sorting through the claims could take two years longer.

Claims can be filed online on the federal Bankruptcy Court site. Go to www.wawb.uscourts.gov, hover over the blue menu box that says “Electronic Filing” then click on “Claims E-Filing” from the drop-down menu.

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