Hinto Energy, Inc. filed a motion in the US Bankruptcy Court seeking the conversion of its bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation on December 12, 2017. As DIP Loan commitment has been withdrawn and neither, the interim DIP Loan or the final DIP Loan will close. Without ongoing funding, it has become clear that debtor has no alternative but to liquidate its assets through a chapter 7 proceeding.