Garlock Sealing Technologies, LLC, filed for Chapter 11 bankruptcy protection Saturday. According to court reports, the industrial gaskets and sealing systems company filed for bankruptcy in a North Carolina court.
Garlock apparently was forced into bankruptcy because of a number of asbestos-related personal injury lawsuits. Bankruptcy protection may give the company the opportunity to handle its lawsuits and obligations owed to creditors.
If your company is considering filing for bankruptcy, contact the New Orleans bankruptcy attorneys of the Law Office of David D. Kervin, Jr., at 504-599-5906.