No Party for Fiesta Gas Grills as They File Chapter 7 bankruptcy
Posted on July 15th, 2011
Fiesta Gas Grills, a company based in Dickson, Tennessee, has filed for Chapter 7 bankruptcy protection, reports Kristen MacBeth on www.bankruptcyhome.com. Fiesta Grills, which are sold in such large chain retailers as Lowe’s, Sam’s Club and True Value, reports over $35 million in debt with only $15,000 in assets. Wolfedale Engineering of Ontario, Canada, is Fiesta’s only secured creditor, with the grill producer owing the Canadian company $33 million.The Nashville Business Journal reports that although the grill manufacturer, which was bought by Onward Manufacturing last year, has at least 50 unsecured creditors, representatives do not think that they will receive any payment after administrative fees and other issues are resolved.In a separate but possibly contributory action, both Health Canada and the U.S. Consumer Product Safety Commission instigated a recall of its Blue Ember Gas Grills, due to multiple injuries that occurred while using them. For experienced and knowledgeable Chapter 7 or Chapter 13 personal bankruptcy assistance, trust the attorneys from Legal Helpers who have helped over 56,000 consumers in the last three years discharge their debt.
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Tags: Bankruptcy, Fiesta Gas, Fiesta Gas Grills, Gas Grills
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