Pawnbroker among creditors in oil trader collapse

Thu Jul 24, 2008 4:27pm EDT
 
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NEW YORK (Reuters) - Massage clinics, McDonald's restaurants, funeral homes and a Canadian pawnbroker specializing in gold jewelry are among the hundreds of companies listed as creditors by failed U.S. energy trader SemGroup.

SemGroup filed for bankruptcy on July 22 after suffering $3.2 billion in losses on energy futures and derivatives trades.

Angel's Pawnbroker Ltd of Calgary figures beside industry giants in a 741-page document filed with the U.S. bankruptcy court in Wilmington, Delaware.

A man who answered the telephone at the pawn shop confirmed it was a pawn broker that "specialized in gold jewelry."

SemGroup did not list how much money it owed Angel's.

At least three massage clinics, eight funeral homes, two Hooters restaurants and 26 McDonald's locations are also on the list along with The One Chinese Cuisine and Teahouse in Langley, British Columbia.

Badger Liquor Co of Fond Du Lac, Wisconsin, is only one of eight liquor stores listed. Also among the creditors is the Mountain View Denture Clinic in Olds, Alberta.

These small firms figure alongside energy giants like ExxonMobil Corp and BP Plc, who are likely owed tens of millions of dollars following the dramatic collapse of SemGroup this week.

SemGroup has not yet estimated how much it owes most of its creditors and has requested more time from the bankruptcy court to draw up a complete list.

(Reporting by Robert Campbell, Matthew Robinson and Rebekah Kebede; Editing by Christian Wiessner)