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PaugusBayFireFighter · 11-11-2014, 02:10 PM

But Sprague is just one creditor among thousands. In the bankruptcy filing, Fuller Inc. said it estimates the number of creditors at 1,000 to 5,000 and its assets at $10 million to $50 million.

The company's liabilities are also estimated to be $10 million to $50 million.

The filing also stated that after exempted property is excluded and administrative costs are paid, there will be no money left over for unsecured creditors.

Foster said it's his understanding that there are several potential buyers for the company, but the sale, if it comes, would take weeks.

Fuller Oill released a statement saying, "Service to customers should not be disrupted. … At this time, the company expects that customers will receive their oil deliveries and other services as scheduled."

11-11-2014, 02:10 PM	#124
PaugusBayFireFighter Senior Member Join Date: Sep 2012 Posts: 837 Thanks: 361 Thanked 674 Times in 264 Posts	Not very encouraging But Sprague is just one creditor among thousands. In the bankruptcy filing, Fuller Inc. said it estimates the number of creditors at 1,000 to 5,000 and its assets at $10 million to $50 million. The company's liabilities are also estimated to be $10 million to $50 million. The filing also stated that after exempted property is excluded and administrative costs are paid, there will be no money left over for unsecured creditors. Foster said it's his understanding that there are several potential buyers for the company, but the sale, if it comes, would take weeks. Fuller Oill released a statement saying, "Service to customers should not be disrupted. … At this time, the company expects that customers will receive their oil deliveries and other services as scheduled."