Report: Hercules Offshore could be back in bankruptcy by Thursday

|About: Hercules Offshore Inc (HERO)|By:, SA News Editor

Hercules Offshore (HERO -6.5%) could be forced into bankruptcy for the second time in less than a year in the wake of a dispute with some of the lenders under its new $450M credit facility, according to the Houston Chronicle's FuelFix.com blog.

In an SEC filing from last week, HERO said creditors could push it back into bankruptcy as soon as April 28, although the company denied it had failed to comply with the lender requirements.

HERO also says it believes there are ways to avoid default before next week’s deadline.

Now read From HERO to zero, yet again?

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