Livingston acquires Wheland foundry in bankruptcy court. (Acquisitions).
Livingston Co., Chattanooga, Tennessee “Chattanooga” redirects here. For other uses, see Chattanooga (disambiguation).
Chattanooga is the fourth-largest city in Tennessee (after Memphis, Nashville, and Knoxville), and the seat of Hamilton CountyGR6 , acquired the Wheland Foundry plant, Warrenton, Georgia, through bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for $2.25 million. Livingston had earlier tried unsuccessfully to buy the main foundry.
Former Wheland officials Ron Reese and Charles Armor will manage the facility. The sale must still receive approval from a creditor's committee Creditor's committee
A group representing firms that have claims on a company facing bankruptcy or extreme financial difficulty. .
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