Screen Printer Files for Chapter 7
Posted on Apr 17, 2011 3:50pm PDT
GMI Enterprises, Inc. has reportedly closed down its screen printing business and filed for Chapter 7 bankruptcy. The company did business as Skelton Sports and has listed assets at about $67,000 and liabilities at $1.32 million. Chapter 7 bankruptcy typically allows for a company to liquidate its assets. The company has only been operating since 2007.
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