Seafood Company Files for Bankruptcy
Posted on Apr 15, 2011 9:40pm PDT
M. Slavin & Sons has reportedly filed for Chapter 11 bankruptcy. According to reports, the company, that is one of the oldest and largest seafood vendors in New York, lost a lot of business in the last two years. It has reportedly cut its payroll by almost 50% at this time and shut down various parts of their business. The company has reportedly listed liabilities at $5.4 million with one lender and $11 million with another.
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