A newly formed parent company of Dynetech Corp. filed for bankruptcy Thursday in Orlando. The parent company, Tellgenix Corp., filed Chapter 11, with outstanding debt of about $50 million.
The filing occurred just a few weeks after a lawsuit was filed in Texas against numerous businesses related to Dynetech. The lawsuit alleged that the businesses violated trade practices and consumer protection laws.
If your company is considering filing for bankruptcy, contact the Austin Chapter 11 bankruptcy lawyers of Slater Kennon LLP, 512-338-1100.