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 (CNMI) LLC, which has been the subject of multiple civil lawsuits amounting to a debt of over $150 million, has officially filed for bankruptcy with the U.S.
IPI aims for a 'resilient comeback' | Local News mvariety.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mvariety.com Daily Mail and Mail on Sunday newspapers.
Commonwealth Casino Commission board chair Edward C. DeLeon Guerrero disclosed yesterday that there is a legitimate investor who is willing to come in and put a substantial amount of money