Texas Industrial Medical, LLC has voluntarily filed Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. The firm serves businesses and their employees. It has not specified a reason for the filing.
Note: Chapter 11 allows businesses to reorganize their debts while continuing operations under court supervision. Texas Industrial Medical, LLC has filed for Chapter 11 subchapter V. This provides a streamlined process for qualifying small business debtors. A Chapter 11 filing does not necessarily mean that a business is closing. For additional information, readers are encouraged to contact the business directly.
Texas Industrial Medical, LLC Files for Chapter 11
According to PACER records, the company submitted its petition on October 27. The court records classify Texas Industrial Medical, LLC as a small business debtor.
Rick Moses, the company’s president, signed the petition before it was filed in court…