Lender Squeeze, Loan Defaults Push Chem Rx To Ch. 11
Chem Rx listed assets of $169.7 million and total debt of $178.3 million in a petition filed in the U.S. Bankruptcy Court for the District of Delaware.
The company has been in default under its secured loans since the beginning of 2009, according to court filings, and negotiations with secured lenders for...
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