![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
Bankruptcy * USA - IdleAire Files for
Knoxville, Tenn,USA -Bloomberg/Transport Topics -13 May 2008: -- IdleAire Technologies Corp., a designer of anti-idling systems for long-haul trucks at truck stops, has sought bankruptcy protection from creditors after failing to obtain new financing... The Knoxville, Tenn.-based company listed debt of $303.6 million and assets of $210.9 million as of Dec. 31 in Chapter 11 documents filed in U.S. Bankruptcy Court in Wilmington, Del.... Given its inability to raise operating capital, IdleAire’s management determined it is in the best interest of all creditors to file for Chapter 11, Michael Crabtree, IdleAire’s chief executive officer, said in court papers, Bloomberg reported...Labels: bankruptcy
posted by Unknown @ 7:59 PM
0 Comments:
Post a Comment
<< Home