Waste Co. Hits Ch. 11 With Up To $200M In Assets, Debts

Law360, New York (September 19, 2012, 5:04 PM EDT) -- A Michigan waste disposal company and its affiliates filed for Chapter 11 in Michigan bankruptcy court on Monday after suffering what they called a short-term cash crisis, listing up to $200 million in collective assets and liabilities.

Waste management company Richfield Equities LLC and its three related entities — Richfield Landfill Inc., Richfield Management LLC and Waste Away Disposal LLC — checked into Chapter 11 after agreeing with creditors and shareholders that a restructuring was necessary to handle the companies' debt. 

"In the judgment of the...
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