Latest News 2012 August SportsQuest Files for Bankruptcy

SportsQuest Files for Bankruptcy

SportsQuest LLC has reportedly filed for Chapter 7 bankruptcy liquidation. According to reports, the business filed just three months after its property was sold off in a foreclosure auction. It is reported that in the filing the business listed assets at $1,030 while liabilities were listed at about $7.35 million. Chapter 7 bankruptcy will allow for the business to liquidate assets to pay some creditors. The business allegedly hit financial problems when it was hit with lawsuits.

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