Money Centers Of America Enters Ch. 11 Bankruptcy

Law360, New York (March 21, 2014, 6:03 PM EDT) -- Money Centers of America Inc., which provides check cashing services in casinos, on Friday entered Chapter 11 bankruptcy just a few months after a Minnesota judge ordered the company to pay the corporate commission of the Mille Lacs Band of Ojibwe Indians $5.6 million in a contract dispute.

The company said in its petition filed in Delaware bankruptcy court that it has between $1 million and $10 million in assets and between $10 million and $50 million in debt. Its largest unsecured creditor is the Mille...
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