July 5, 2018 / 11:54 AM / 10 months ago

Inventory tracker WIS seeks bankruptcy after lenders foreclose

WIS Holding Co Inc, which keeps track of inventory for retailers, has declared bankruptcy to help wind down after lenders foreclosed and to put various lawsuits on hold.

WIS Chairman Timothy Bernlohr in papers filed in U.S. Bankruptcy Court in Delaware said Chapter 11 bankruptcy protection would allow the company transfer its work to its buyer and liquidate its remaining assets for creditors in a “responsible way.”

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2zeLgbm

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