Freedom Industries, the company responsible for the West Virginia chemical spill that left over 300,000 citizens without safe drinking water, has filed for Chapter 11 bankruptcy. The company owes $3.7 million to a list of 20 different unsecured creditors, along with more than $2.4 million in back taxes owed to the IRS dating back to at least 2000. Still, the likely reason for its imminent bankruptcy is as-yet untallied liabilities resulting from the spill. Freedom Industries is already the target of a federal suit, along with 25 different lawsuits filed in local country courts.
via The Verge - All Posts http://ift.tt/1adMnWk
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