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January 21, 2009

Poseidon Owes Creditors More Than $7.7m

"Poseidon Seafood of Charlotte, N.C., which filed for Chapter 7 bankruptcy more than a month ago, disclosed on Monday that it has more than $21 million in liabilities.

Unfortunately for the several seafood suppliers, processors, and transportation companies that Poseidon owes money, the company listed only $5.5 million in assets in documents filed with the U.S. Bankruptcy Court in Charlotte on Jan. 19."

Read "Poseidon Owes Creditors More Than $7.7m"

Posted at 11:24 AM in Business & Ventures |

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Hatteras Connection

  • Hatteras Connection is a community-based project dedicated to sustainable economic development and environmental stewardship, and working to ensure a future for new generations of watermen on Hatteras Island.