06 Oct2014
Drywall Firm’s Assets Dry Up—Chapter 7 Bankruptcy Filed
Written by CFB Blogger. Posted in Blog
Drywall Ltd., a Tewksbury, Massachusetts, drywall company has recently filed for Chapter 7 bankruptcy. The bankruptcy documents were signed by Scott F. Patterson. The company listed assets of $19,025 and liabilities of $4.8 million.
According to a news report from the
Boston Business Journal by Eric Convey, the creditors with the largest claims against the business include the
Internal Revenue Service, Eastern Bank, Hanover Insurance Co. and a number of credit card companies.
According to the Chapter 7 bankruptcy filing, the drywall company had revenue of $8.16 million from general contractors in 2012 and $1.34 million from general contractors in 2013. No revenue is listed to date for 2014.
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