In The News: Drum & Bugle Corps Files For Bankruptcy
The Spartans Drum & Bugle Corps, a Nashua institution that dates back to the 1950s, has filed for bankruptcy protection, according to records filed in United States Bankruptcy Court.
The Spartans organization filed November 24 for Chapter 11 bankruptcy, which provides protection to an organization, allowing it to continue operating as it reorganizes.
A hearing is scheduled for Jan. 21 in Manchester, where comments from debtors and other interested parties will be heard. The status of the bankruptcy and the Spartans’ reorganization will also be reviewed.
Read the rest of the article here.