BANKRUPT!

The current reading I did was another follow up on the Mark Petters scandal that was posted in the Star Tribune on October, 22nd. Since the time that Mark Petters was being investigated for mail fraud it seems that his companies are going down hill fast. Sun Current airlines filed bankruptcy on October, 6th. Along with that Petters co also filed for bankruptcy on October, 13th, and to make this even worse for Mark Petters he also has 30 civil lawsuits filed against him right now. This case has gotten so out of hand in the last moth that the judge has called a “timeout” for the current time. Mark Petters was given an extra 60 days to organize his files for his case. At this time Petters Co only has about 100,000 dollars and that will be enough to “make payroll” said Judge Kishel. Until the final verdict comes out I think we will keep having to see all of Petters companies continue to slide downhill.