Bender Going Bankrupt

Bankruptcy Debt After 91 years in business the company files for Chapter 11.
by Diana Lucio
Published: Wed, July 01, 2009 - 10:40 pm CST Last Updated: Wed, July 01, 2009 - 10:52 pm CST
After 91 years in business Bender is going bankrupt.
The shipyard company filed for Chapter 11 today. Around 100 layoffs are reportedly expected. This comes after several creditors filed a petition saying Bender was not paying its debt.
The company's CEO says they will continue to function as a full service shipyard despite the layoffs.
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