27 Jun2014
Written by CFB Blogger. Posted in Blog
The private law enforcement firm
Never Quit Services has called it quits and has filed for Chapter 7 bankruptcy. In its bankruptcy filing, the Angier, North Carolina-based company listed $21,976 in assets against $107,688 in liabilities. The largest claim, a business loan extended by
First Federal Bank, is for $50,000.
Other debts include delinquent credit card bills, auto loan, payroll expenses, unpaid taxes owed to the
Internal Revenue Service and past due unemployment insurance payments to the
North Carolina Employment Security Commission, reports Lauren K. Ohnesorge for the
Triangle Business Journal.
According to its
Facebook page, Never Quit Services offered “’the most highly trained company police officers’” to patrol businesses, neighborhoods and residences. In addition to mobile patrol services, the company offers alarm response services, ATM escorts, stationary officers for hire, private investigation work, and hostile employee terminations.”
Founder of Never Quit Services, Matthew Noel, reported to Ohnesorge that a contract had fallen through, “stiffing the company on $20,000 in one month”. Noel also reportedly stated that “congressional policy” contributed to the closure and that his company was under “an umbrella” of firms that are dissolving. He also said that the
Affordable Care Act contributed to the closure of his business.
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