Freedom Files Bankruptcy

Updated 40 weeks ago Edited by Tony Rutherford from Multiple Reports

Freedom Industries, the company whose chemical leaked into the Elk River contaminating the water supply of all or part of nine WV counties, has filed for Bankruptcy Protection.  The filing indicates that its vendors are now requiring cash in order to purchase supplies. Freedom made about $30 million dollars through gross revenue last year, but it also owes the Internal Revenue Service $2.4 million, according to the filing.

Initially, a bankruptcy filing places an automatic stay on collection processes, including law suits.

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