Phone Services Co. Simplexity Hits Ch. 11 Seeking Sale
The cash-strapped company ceased operations and terminated more than 500 employees on March 12 after its senior secured creditors terminated a forebearance agreement and began sweeping Simplexity's accounts, according to a declaration filed Monday by CEO Frank C. Bennett III.
Simplexity is looking to turn around a quick asset sale,...
To view the full article, register now.