The United States Trustee filed a motion in the US Bankruptcy Court seeking the conversion of Osage Exploration and Development, Inc.’s bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation on June 1, 2016. The trustee stated that after the sale of debtor’s substantially all assets it has indicated that it does not intend to file a plan of reorganization and hence it is appropriate to convert the case to Chapter 7.