Dallas Logistics Hub Developers File Chapter 11 Bankruptcy
… have a balance sheet problem, not an operational one,” said Richard Allen, chief executive of DLH and ACP. “The unprecedented collapse of the U.S. real estate and capital markets has made it impossible to continue without restructuring our financial obligations.”
DLH and ACP have received a debtor –in-possession loan which should help them meet their financial obligations to employees, customers and suppliers while in Chapter 11 bankruptcy. The Chapter 11 bankruptcy fling is …
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