Rumours that the relationship between Hermitage Offshore and its lead lenders was less than friendly ahead of the owner's Chapter 11 bankruptcy filing Tuesday appear to be borne out in legal documents.
Scandinavian banks DNB and SEB seized $3.365m from Hermitage's accounts just hours before the owner filed for protection in New York, and one day after a forbearance agreement had expired, according to an affidavit filed by chief financial officer Christopher Avella.
