New England Motor Freight plans to close - Hello Friends New News, In the article you read this time with the title New England Motor Freight plans to close, We have prepared this article well for you to read and take the information in it. Hopefully the contents of the post Artikel IFTTT, Artikel Wellsville Regional News (dot) com, Which we write you can understand. Okay, happy reading.

Judul : New England Motor Freight plans to close
link : New England Motor Freight plans to close

New England Motor Freight plans to close

New England Motor Freight, Inc. has announced that the Company and ten related entities have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey in Newark on February 11, 2019. NEMF intends to use these proceedings to facilitate an orderly wind-down of its operations.
Vincent Colistra, a Senior Managing Director with Phoenix Management Services, Inc., and Chief Restructuring Officer for the Company, said, “We have worked hard to explore options for New England Motor Freight, but the macro-economic factors confronting this industry are significant.
Upon the recommendation of its advisors, the Company has determined that a Chapter 11 proceeding is the best mechanism to maximize the value of its assets for the benefit of its employees and various creditor constituencies.
Phoenix Management Services is serving as the Company’s financial and restructuring advisor.
from Wellsville Regional News (dot) com http://bit.ly/2DvsqMa
By New News

Such is the article New England Motor Freight plans to close

That's an article New England Motor Freight plans to close This time, hopefully can benefit for you all. Well, see you in other article postings.

You are now reading the article New England Motor Freight plans to close With link address https://njuas.blogspot.com/2019/02/new-england-motor-freight-plans-to-close.html

Tweet

Subscribe to receive free email updates: