Freedom Industries, the company that poisoned West Virginia and downstream water with a chemical leak last week, filed for Chapter 11 bankruptcy today. Freedom owes $3.6 million to its top 20 unsecured creditors, according to bankruptcy documents. The company also owes more than $2.4 million in unpaid taxes to the IRS. The unpaid taxes date back to at least 2000, according to a lien filed in 2010. The filing also puts a hold on all of the lawsuits filed against Freedom Industries. Since the leak last week, about a mile and a half upriver from West Virginia Water Americans plant in Charleston, about 25 lawsuits have been filed against Freedom Industries in Kanawha Circuit Court. The company also faces a federal lawsuit.
Posted on: Fri, 17 Jan 2014 23:32:49 +0000
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