Miyerkules, Disyembre 31, 2014

Penny stock real estate firm dragged into bankruptcy over $5.5M in claims

Liberty International Holding Corp., a Fort Lauderdale-based penny stock company, was thrown into bankruptcy court after three creditors alleging $5.5 million in claims filed an involuntary Chapter 7 petition against it. An involuntary petition is filed when a company refuses to pay its creditors and they ask a bankruptcy judge to either liquidate or reorganize the company so they can recoup their money. In October, federal authorities filed criminal charges against Liberty International and five…

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