Bankruptcies

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According to the Monday issue of the Miami Herald Business section:

LTU International Airways, a Delaware Corp. 100 N. Biscayne Blvd., Suite
2100, Miami, FL., has been placed into Chapter 7 (Involuntary) by the
following companies:
NWT Partners
American Business Leasing
American Express Business Finance Corp.

Chapter 7 - debtor sells assets in return for discharge of debts.

Involuntary - Three or more unsecured creditors owed $5,000 or more have
petitioned the court to force the company into bankruptcy.  The petitions are
sometimes withdrawn by creditors or dismissed by the court.

John W Swiman
Miami, Florida

note the above information is taken from the Miami Herald

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