Leiderman Shelomith Represents Davie Electronics Company in Chapter 11

02/13/2014

 

Chapter 11 Bankruptcy Fort Lauderdale Zach B. Shelomith, Shareholder

Below is an article from the South Florida Business Journal website:

Davie-based United Electronics Corp., a manufacturer of power connectors and power distribution panels, filed for Chapter 11, citing debt of more than $10 million and assets of less than $500,000, according to its bankruptcy petition.

Bankruptcy court documents cited litigation by previous owners and declining business during the recession as reasons for the filing.

United Electronics said it had $12.3 million in income in 2013.

The company said it owes $2.5 million to a holding company and $2.6 million in general trade debt. The largest single creditor listed on the bankruptcy documents is Steven Gumenick of Sanibel, with a claim of $8.64 million.

The bankruptcy attorney is Zach Shelomith, of Hollywood-based Leiderman Shelomith. The petition was signed by Gavriel Meidar, a company director.

A woman who answered the phone at United Electronics said the company was still operating, but declined to be identified.

 

Please keep in mind that every case is different. If you have questions about filing a Chapter 11 bankruptcy, and would like to schedule a no-cost consultation, please contact our office by completing the form on this website, calling us at 954-920-5355, or emailing us at info@lslawfirm.net.

 

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Attorney Advertising. © Copyright 2017 Leiderman Shelomith. All rights reserved. Please keep in mind that every case is different, so if you are thinking of filing bankruptcy,
and would like to schedule a no-cost consultation, please contact our office by completing the form on this website,
calling us at 954-920-5355, or e-mailing us at info@lslawfirm.net.