MSM Capital—It is Chapter 7
One of the former MSM employees who one a case got a call from his lawyer
notifying him of the BK, another actually went down to the courthouse and
reviewed the actual filing. It is a Chapter 7. What he saw was 140
creditors (including former employees, GE Capital, Quick Traks and so on.) 100k-500k in assets and2-5mill in debts.
I wonder what happened to all those residuals?
(Leasing News was informed the issue of the $192,000 owed to salesmen
in judgments from the California State Labor Board are being taken
to the California Franchise Tax Board and charges will be levied against
corporate officers Michael Cingari and Rob Pardini. editor )