Fastener Company Files for Bankruptcy
Posted on Jun 2, 2011 8:15pm PDT
Scovill Fasteners Inc., a clothing fastener company, has reportedly filed for Chapter 11 bankruptcy protection. According to reports, the company has listed liabilities at up to $500 million and assets at up to $50 million. An affiliate of the another company is reportedly expected to buy out the company. Now, the plant hopes to continue operating while under Chapter 11 bankruptcy.
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With the help of a bankruptcy lawyer, you will be able to choose the method of filing that works best for your situation. A bankruptcy attorney will know the steps you need to take and how to protect your rights through this difficult process. Contact a bankruptcy lawyer today to begin discussing the details of your case and moving forward with your life as quickly as possible with the best possible outcome as the result.