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Primera Energy Owner Remains Defiant in Bankruptcy Court Hearing

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Primera Energy's embattled owner Brian Alfaro remained defiant during a bankruptcy court hearing where he was under oath when he fired back against lawyers asking questions about the company's finances, the San Antonio Business Journal reported today. Alfaro appeared for a "341 creditors meeting" before Jim Rose with the U.S. Bankruptcy Trustee's Office at San Antonio's federal courthouse yesterday. Alfaro filed for chapter 11 bankruptcy on June 3, which was one day after a state district court judge put his company into receivership and under the control of San Antonio attorney Lamont Jefferson. Bankruptcy court filings show that Primera Energy owes more than $7.2 million to at least 14 creditors ranging from the bank that financed its North San Antonio headquarters to companies that provided services out in the oil field. The filings show that the company claims that it has more than $14.2 million in assets.