Nomads, Inc. Files for Bankruptcy
Posted on Apr 18, 2011 9:05pm PDT
Nomads, Inc. in Michigan has reportedly filed for Chapter 7 bankruptcy. The
bankruptcy filing will reportedly allow the travel club to liquidate and gain protection from its creditors. The company reportedly cited liabilities at $3,917,944 and assets at $3,900,798. The company has reportedly not bee able to pay obligations to suppliers or meet payroll. Also, the last minute attempt to sell the club did not work out.
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