Oreck Bankruptcy: Nashville Vacuum Manufacturer Declares Chapter 11
Oreck Corporation, the Nashville-based manufacturer of upright vacuums and cleaning products, filed for Chapter 11 bankruptcy protection and could reach an agreement to sell its assets in a few days, court filings revealed, as reported in The Tennessean. A Chapter 11 filing will allow Oreck to consolidate its assets and restructure its finances as part of an effort to sell the business, the company said in a statement released Tuesday