commentConstruction equipment supplier Neff Rental Inc. and its affiliates have filed for Chapter 11 bankruptcy protection to wipe more than $400 million in debt from its balance sheet. The Miami-based firm filed in U.S. Bankruptcy Court in the Southern District of New York on May 16, listing assets between $100 million and $500 million and liabilities between $500 million and $1 billion. The court already has approved a $175-million debtor-in-possession financing plan. Rental Equipment Register ranked Neff last year as the 13th largest rental firm in North America, with sales of $225 million.
----- Advertising -----
Sign in to Comment
To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.