Turnaround Failure Sends Fairchild Into Ch. 11
The company has $229 million in debts and $89 million in assets, and between 5,000 and 10,000 creditors, according to its bankruptcy petition, which it filed Wednesday in the U.S. Bankruptcy Court for the District of Delaware.
Although some of its business units have remained profitable even through 2008, the company as a whole has...
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