John Roberts, the Biddeford clothing manufacturer, on Tuesday filed Chapter 7 pa

Source

Portland Press Herald

Date

9-29-1994

Pages

1A, 18A

Abstract

John Roberts, the Biddeford clothing manufacturer, on Tuesday filed Chapter 7 papers in U.S. Bankruptcy Court in Portland, which clears the way for the liquidation of the company's assets or the emergence of a new company. A trustee will be appointed by the court, and will determine how to return the most money to creditors. The Finance Authority of Maine, which invested $1.3 million in the company, could lose around $750,000 from its reserve fund. Details.

Subjects

Bankruptcy, Finance Authority of Maine (FAME), John Roberts Inc -- Biddeford

Full text is not available here. Please contact the Library for a copy of the article.

Share

COinS