High-end bankruptcies in Florida give rise to business reorganizations
A multi-million dollar data company in Florida filed for bankruptcy within months of the death of its founder. At the time of Hank Asher's death early this year, TLO LLC was in the process of a company-wide turnaround. With the loss of its visionary -- a man known as one of the fathers of data mining techniques -- the company floundered financially and corporate officers are seeking to restructure the business by filing for Chapter 11 bankruptcy.
Chapter 11 bankruptcy
Filing for bankruptcy does not always lead to the demise of a struggling business. Company owners ...