Foreclosure.com files for bankruptcy 
Company says doors will remain open during Chapter 11 reorganization
By Matt Carter, Tuesday, January 5, 2010.
The parent company of Foreclosure.com and a stable of more than 150 other Web sites says its doors will remain open after two lawsuits forced it to file for Chapter 11 bankruptcy protection.
Companies filing for Chapter 11 bankruptcy protection typically propose a plan of reorganization to keep their business alive and pay creditors over time.
That's the case with FFS DATA Inc.'s Dec. 23, 2009, Chapter 11 bankruptcy petition, said Bradley Shraiberg, the attorney representing the Boca Raton, Fla.-based company.
more...
Premium Member account.
Premium Members have full access to all news archives & premium content.
Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
