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UNIQUE PERFORMANCE IN BANKRUPTCY; No assets and millions owed.(News)
Byline: BOB GRITZINGER
Texas-based specialty-car maker Unique Performance appears to be calling it quits. The company filed for Chapter 7 bankruptcy on Nov. 12, just 10 days after authorities raided the firm's operations in the Dallas suburb of Farmers Branch, Texas.
In that raid, local authorities and federal investigators seized 61 vintage cars that allegedly had improper or illegible vehicle identification numbers.
Under Chapter 7, Unique Performance seeks to end its business operations. In the filing in U.S. Bankruptcy Court for the Northern District of Texas in Dallas, the company listed no assets. A Dallas legal publication listed Unique Performance's debts at $1 million to $100 million but did not identify the major creditors.
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Source: HighBeam Research, UNIQUE PERFORMANCE IN BANKRUPTCY; No assets and millions owed.(News)