Blenko "Anadrol 50" Glass Set to Emerge From Bankruptcy
(AP) More than a year after Blenko Glass Co. filed for Chapter 11 bankruptcy protection, a judge has approved a reorganization plan. Bankruptcy Judge Ronald Pearson in Charleston agreed to the plan this week.
Company attorney Steve Thomas told the court the reorganization plan should be effective within 70 day and that all creditors who voted on the plan approved it.
The Milton "Anadrol 50" based glassmaker filed for bankruptcy protection in May 2011, listing debts to at least 50 creditors. The top listed debt was to Big Two Mile Gas Co. of Charleston.
Under the reorganization plan, the company will receive nearly $44,000, compared with its claim for $709,000. (AP) Blenko Glass Co. is rebounding after filing for Chapter 11 bankruptcy protection in 2011.
Vice president Katie Trippe says that the Milton glassmaker has benefited from a recent drop in natural gas prices and a surge in sales.
Trippe says the company is making a strong effort to move forward.
The company held its fifth annual Festival of Glass during the weekend. The festival included glass making workshops and tours of the factory. It drew Blenko fans from Ohio, Texas, California, Missouri and other states. (WSAZ) More money problems for a local glass company.
In April, Big Two Mile Gas garnished Blenko''s bank accounts in a dispute over billings and charges for natural gas it supplied to Blenko. Blenko halted production Buy Cheap Jintropin Online for six weeks in 2009 due to the gas issue
According to the Friday''s release, Blenko believes the bankruptcy Anavar For Sale Philippines filing will allow Gensci Jintropin it to continue operations as usual. "Anabola Steroider Norge Lagligt" The company Equipoise 300 Cycle says no reduction in work force is expected. Currently 44 people work at the factory. (WSAZ) Blenko Glass in Milton says that a creditor, Big Two Mile Gas, has "garnished and emptied" the company''s bank accounts.
According to Katie Trippe, the company vice president, the action goes back to a dispute over billings and charges for gas supplied to Blenko by Big Two Mile.
Trippe says Big Two Mile did the same thing just over two years ago and that nearly caused the company to collapse at that time.
Trippe said Friday that 13 of Deca Durabolin Blood Pressure the 49 company employees were laid off this week, and another 28 will be laid off next week.
Trippe goes on to say that following the action of two years ago, Blenko representatives met with representatives of Big Two Mile and proposed that the companies enter into mediation in an effort to resolve the problem.
Trippe says a lawyer in Charleston was selected as the mediator.
She says a number of meetings have taken place since then, and that in each of those meetings the Blenko representative stated the condition of the company.