Even the gold industry is feeling the pains caused by economic hardships, according to a February 25, 2013 Bloomberg News article. Rodeo Creek Gold Inc. and three of its partnering companies filed for bankruptcy.
The gold company is an international mining company that develops and works with high-quality gold properties. In the bankruptcy petition the company valued their assets to be between $50 million and $100 million, with debt between $100 million and $500 million.
The company filed a Chapter 11 bankruptcy in Nevada, the location of their principle place of business. The petition was filed after the company was unable to obtain financing to fund the company while they attempted to sell the business. They received several offers but none of the bids were sufficient enough to continue the business.Â A trustee for the U.S. Bankruptcy Court, District of Nevada in Reno, is currently reviewing the case.
If you are considering or are interested in filing bankruptcy, then contact the law office of Jayson Lutzky, P.C. Mr. Lutzky offers free in person initial consultations and has 30 years of experience. He is highly qualified to help you whatever your financial situation may be. Call his office at 1-800-660-5299 or visitwww.MyNewYorkCityLawyer.com.