Press Release: Bankruptcy
[DATE, ex. Saturday, February 4, 2012]
FOR IMMEDIATE RELEASE
[NAME OF THE COMPANY, ex. Pearl Cars] has declared bankruptcy.
[BRIEFLY MENTION THE REASON(S), ex. Due to increased competition in the used car market and rising loan interest rates which depress demand for financed consumer goods, Pearl was not able to produce required cash inflow and outflow to satisfy its existing debt obligations. Coupled with unfavorable forecasts for the future, we were forced to close our doors on Friday.]
[MENTION THE FUTURE ACTIONS TAKEN, ex. Pearl’s Stock will be liquidated by Protext Liquidators and its properties will immediately sell its stock in order to pay its lenders.]
Download Press Release Bankruptcy Letter In Word Format