Redcon1 Dodges Chapter 7 Bankruptcy Fight
Seth Kleinman of Morrison & Foerster LLP spoke to Natural Products Insider about an involuntary Chapter 7 bankruptcy petition filed against sports nutrition brand Redcon1 by three of its creditors.
An involuntary bankruptcy petition is typically filed “when several unsecured creditors of a company believe that the management of the company itself is doing something with the funds of the company that are improper and that the company is already insolvent or will become insolvent because […]