Ultimate Escapes files for bankruptcy protection
ORLANDO, Fla. – Ultimate Escapes, Inc. today announced that it had filed for protection under Chapter 11 of the U.S. ORLANDO, Fla. – Ultimate Escapes, Inc. today announced that it had filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware for itself and certain of its subsidiaries. The Board of Directors of UEI authorized the filing of a Chapter 11 petition following the recommendation of a Special Committee of UEI’s independent directors in order to protect UEI’s assets with a goal to maximize the value for...
Source: eturbonews.com