Gov. Arnold I. Palacios said yesterday that the Commonwealth needs to fully accept the fact that Imperial Pacific International (CNMI) LLC is no longer a viable company to move forward
Succumbing to the pressures from its creditors, Imperial Pacific International has filed for Chapter 11 bankruptcy in the U.S District Court for the CNMI, reporting debts totaling of US$165.8 million.
Imperial Pacific International in the CNMI recently filed for Chapter 11 bankruptcy in NMI District Court. KUAM learned that the Saipan Casino, which has been out of operation and has been fighting to