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Walmart Black Friday Pre Sale launched Online

Walmart Black Friday Pre Sale launched Online

Amazon Black Friday 2014 Deals Week has launched

Amazon Black Friday 2014 Deals Week has launched

The Best Xbox One Black Friday Deal is not at Target or Walmart

The Best Xbox One Black Friday Deal is not at Target or Walmart

$1 Samsung Galaxy S5 Best Buy Black Friday Deal sells early on 11/23

$1 Samsung Galaxy S5 Best Buy Black Friday Deal sells early on 11/23

Luxury Camper in Line for Best Buy Black Friday 2014 Sale

Luxury Camper in Line for Best Buy Black Friday 2014 Sale

Oreck Bankruptcy under Chapter 11 Announced

May 8 2013, 11:31pm CDT | by , in News | Technology News

Oreck Bankruptcy under Chapter 11 Announced
 
 

The Oreck Corporation, well known vacuum maker, has filed for bankruptcy under chapter 11.


There is a big chance that you have an Oreck vacuum cleaner in your house. The well known Oreck corporation has filed for bankruptcy under Chapter 11. The company says in a statement that the move will enable Oreck to sell the business while continuing day to day operations without interruption.

Oreck will continue to operate while the sale process takes place, with authorized and exclusive dealers and other trade customers continuing to receive product for sale to ultimate consumers. It is anticipated that following the closing of the sale that plant operations and corporate headquarters will remain in Tennessee.

Chapter 11 is a business reorganization proceeding under the federal bankruptcy law that allows a company to remain in control of its assets and operations while it seeks to reorganize or sell its assets. 

More Oreck News as the develop can be found on Business Balla.

In collaboration with Balla Networks, I4U News brings you regular updates of the current Trending News outside of the technology interesting to Geeks.


Balla Network sites curate and highlight Trending News from the entire web and features commentary on the hottest stories of the day. Stay up to date with the latest news, tweets and Youtube videos about all trending news in real-time.

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Photo Credit: Oreck Corporation

Black Friday 2014 Deals

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