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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.