An Ohio-based company, NewPage, is now considering filing for bankruptcy and deciding how this will affect their Luke Plant that currently employs 870 people.
In a filing with the U.S. Securities and Exchange Commission, company officials listed bankruptcy as an option to restructure their debt. They have stated at this time that their plant operations will not be affected by the filing.
Over the past few months, the company worked to lower their costs, but still lost $132 million in the second quarter. The filings stated that the company’s liabilities outweigh its assets by $2.5 billion.
If you or a loved one has been struggling with debt, this can be a very stressful time in your life. contact the Florida bankruptcy lawyers of Ryan J. Really, Attorney at Law, PLLC by calling (239) 237-0675.