Teltronics Files for Bankruptcy
Posted on Jul 16, 2011 7:05pm PDT
Teltronics Inc. has reportedly filed voluntary petitions to reorganize under Chapter 11 bankruptcy. According to reports, the company listed their assets at about $9.1 million. Teltronics also listed debts at about $19.8 million in the bankruptcy filing. Currently, the company has 133 employees, but suffered a pricey revenue loss in the last year.
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