Active Mailorder files for chapter 11

active-ride-shop-1Active Ride Shop announced that they have filed for a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the county of Riverside. Which means after recently closing several stores, they’re still having enough financial problems that they need help. Chapter 11 allows them reorganize their finances and temporarily not pay their creditors. For a indepth explantion of what Chapter 11 means, read Jeff Harbaugh’s post over on Transworld Biz.

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