Creditors Aim to Force Thames Printing Into Bankruptcy
NORWICH, CT—Thames Printing, which closed its doors last month, is being compelled to provide statements of assets and liabilities, including information regarding its creditors, as a judge has issued an order for Chapter 7 bankruptcy relief. The company has until Sept. 30 to comply with the order, according to the Norwich Bulletin.
Thames Printing closed its doors on Aug. 15, the paper said.
Three creditors filed the involuntary petition, claiming Thames owed them in excess of $600,000. Heading the list is paper supplier Lindenmeyr Munroe, which claims to be owed $551,652. Case Paper ($65,000) and Ariva Distribution ($1,600) are the others. A creditors meeting is scheduled for Oct. 17.
General Electric Capital has also identified itself as a creditor of Thames, which faces numerous civil suits, according to The Day.