MMFX International files for Ch. 11

Jan 11, 2010 | 09:48 AM | Corinna Petry

Faced with a dismal steel market and unsuccessful attempts to renegotiate terms of secured debt with its senior secured lender, MMFX International Holdings Inc. and MMFX Canadian Holdings Inc. have filed for Chapter 11 bankruptcy protection.

MMFX's Canadian subsidiaries, including MMFX Steel of Canada Inc., Welland, Ontario, also filed for creditor protection under the Companies' Creditors Arrangement Act in Canada. The Canadian subsidiaries intend to conduct business as usual while in the reorganization process.....





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