Oreck Vacuum Company Files Chapter 11 Bankruptcy

One of America’s best-known vacuum and cleaning supply company Oreck filed Chapter 11 bankruptcy. Chapter 11 is a chapter of the United States bankruptcy code that allows reorganization, which is most prominently used by corporate entities. Oreck is still going to continue to operate its business while it seeks a buyer; however, documents filed suggest the company is unable to generate enough funds to cover necessary expense.

If you are a business owner, drowning in debt similar to “Oreck”, and need some reorganization, the Law Offices of Michael H. Raichelson can help. If you click on “Recent Bankruptcy Successes” (above) you will read how Michael H. Raichelson has been able to overcome seemingly impossible debt resolutions and he will do the same for you.