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West Bloomfield Township-based Rapid Metals LLC has filed for Chapter 11 bankruptcy and is moving to liquidate with about $31 million in liabilities to creditors including steel giants Cleveland-Cliffs Inc., Algoma Steel Inc. and Nucor Corp.The local steel distributor, founded in 2004 by company…
Symbiont io Pursues Sale of Assets streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Bankruptcies are on the rise, but experts say the vast majority of those companies filing are holdovers that were suffering prior to the pandemic and were able to limp along thanks to copious government stimulus.