Antiques Maker must sell assets or declare bankruptcy.
Kent Inc. in Fort Kent not received $ 1.2 million in federal funds, it must maintain current levels of operations and now has one week to decide if they find an investor or a buyer, totalling close and sell its assets.
Closing and the loss of 120 jobs remaining is a possibility, after a lawyer for the manufacturer, first of all creditors, spoke bankruptcy of the Federal Court in Bangor Thursday. Mike Pierce, a lawyer Century Business Credit Corp., said Judge Louis H. grain empire, that the creditor would be the development of a “Wind-down budget Kent, the manufacturer knows how much it will cost, to stop it.
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