North American Scientific Inc, a company that provides products and services for cancer treatment, has recently filed for Chapter 11 bankruptcy. The company has also agreed to sell its prostate treatment line.
The company was going to seel the line for $5 million to Best Theratronics Ltd in February, but the price has now dropped to $2.5 million. North American Scientific Inc will try to reorganize its debt with help from this sale.
If you are considering filing for bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP at 512-338-1100.