Building Owner Files for Bankruptcy

Metro Tower, the owner of Amarillo’s Barfield Building, has reportedly filed for bankruptcy protection. According to reports, the business filed voluntary Chapter 11 bankruptcy. The filing will allow the business to continue operations while reorganizing itself to deal with its debt. The filing will also temporarily forestall debt collections. In the filing, it is reported that the business listed $733,696 in liabilities with assets at about $1.2 million.

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