Evergreen Solar Close to Bankruptcy
Posted on Aug 12, 2011 6:10pm PDT
Evergreen Solar is reportedly getting closer to filing for bankruptcy. According to reports, the company has now filed a Form 8-K with the SEC. As a result, the company has suspended payment of $4.1 million in interest on some of its debt. However, if the company doesn't pay it for 30 days, it will be considered in default and creditors can try to force the company into bankruptcy.
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