Oreck Sweeps Into Ch. 11 In Hopes Of Finding Buyer

Law360, New York (May 7, 2013, 6:53 PM EDT) -- Nashville-based vacuum cleaner manufacturer Oreck Corp. filed for Chapter 11 bankruptcy protection Monday, as the well-known company shops for a buyer amid flagging sales.

Oreck, and eight affiliates, made the filing in the U.S. Bankruptcy Court for the Middle District of Tennessee, and listed both assets and liabilities of between $10 million and $50 million.

The company has asked the court for all of the cases to administered under one file.

While Oreck says it intends to remain open and continue operating as it reorganizes, it...
To view the full article, register now.