Bankruptcy Review For October 4, 2013

: Chris Lee Law Firm

  Filed under: News

LawThis week in bankruptcy news: The company behind IBM’s storage cloud system ceased operations and filed for Chapter 7 liquidation. However,the company insists that arrangements have been made to ensure customers will not lose files stored on the system. Mixed in the middle of food fraud, Groeb Farms has filed for Chapter 11 to resolve its complicated financial issues.

Read the full stories below:

IBM Cloud Storage Partner Nirvanix Files for Bankruptcy

Caught in the Nation’s Largest Food Fraud, Groeb Farms Files for Bankruptcy

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