Olivetti files bankruptcy papers; Italian government can't help: it's bankrupt too.
The move on Friday was not a surprise, but had been mentioned in bankruptcy papers filed in conjunction with Federated's acquisition.
The closings, along with cuts in corporate overhead, were expected to save $2 million a year, according to Workbench's bankruptcy papers.
I heard that all the companies have gotten together and hired a law firm out of Germany to draw up our bankruptcy papers.
The group has filed bankruptcy papers showing $400,000 in liabilities as well as unpaid rent and taxes.
That sent suppliers scrambling to get the checks deposited and cleared through the banking system before bankruptcy papers were filed.
It also received $430,078 on Dec. 19 and $356,163 on Jan. 9 for preparing the bankruptcy papers.
The bankruptcy papers filed by two Hunt brothers offer some glimpses of the assets they now hold.
The bankruptcy papers listed 31 creditors but gave no indication of the extent of his assets or liabilities.
In November, Tyson claimed in his bankruptcy papers to be earning just a few dollars in monthly income.
