Saturday, December 27, 2008

Insulation company will reorganize

Murfreesboro Insulation & Afterpaint Specialists has filed for bankruptcy protection, citing debts of more than $500,000.

The company listed nine major creditors in requesting reorganization Monday under Chapter 11 of the bankruptcy code. Among its debts are $116,235 owed for materials to an Alabama company and $102,936 in disputed worker's compensation claims.


The company indicated that it has $100,000 to $500,000 in assets.




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