Miami Lakes-based Ramco Trading Corp. said it has filed for Chapter 11 bankruptcy protection.
For the period ended May 31, the 20-year-old discount general merchandise retailer and wholesaler reported total assets of $9.1 million and total liabilities of $7.6 million.
I'm guessing there are several unsecured suppliers represented in that $7.6 million liabilities. I wonder if they had Business Credit Insurance.
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