Bankruptcy in the Republic of Ireland

July 30, 2013 - 4:05pm

On Thursday, four Texas-based creditors filed an involuntary Chapter 7 (liquidation) bankruptcy filing against Avantair in Florida’s Middle District (Tampa) U.S. Bankruptcy Court. A summons was sent to Avantair on Friday and the company has until August 16 to respond. If Avantair does not respond by then, the court may allow the bankruptcy case to proceed; if it does respond, a hearing will be set and the judge will then decide if the case has merit to proceed.

 
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