Alta Equipment, a Michigan-based construction and industrial equipment company, has filed a petition for relief pursuant to Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Michigan. The filing is intended to facilitate the restructuring of Alta’s debt and to provide the company with additional liquidity to continue operations.
Alta Equipment is a leading provider of construction and industrial equipment, including aerial lifts, cranes, forklifts, and other related products. Founded in 1985, Alta Equipment has grown to become one of the largest equipment rental companies in the Midwest. The company operates more than 40 locations across Michigan, Illinois, Indiana, and Ohio.
The filing of the Chapter 11 petition is intended to provide Alta with additional liquidity and to restructure its debt. Alta’s management team has been working with its lenders to reach an agreement that will allow the company to continue operations while it works through the restructuring process.
The Chapter 11 filing will allow Alta to continue operating while it works to restructure its debt and provide additional liquidity. Alta’s management team is confident that the restructuring process will enable the company to emerge from the bankruptcy process in a stronger financial position.
Alta’s customers should not be affected by the filing. The company will continue to honor existing contracts and will remain committed to providing quality service and support. Alta’s management team is confident that the restructuring process will enable the company to emerge from the bankruptcy process in a stronger financial position.
The filing of the Chapter 11 petition is a necessary step for Alta Equipment as it works to restructure its debt and provide additional liquidity. The company’s management team is confident that the restructuring process will enable Alta to emerge from the bankruptcy process in a stronger financial position and continue providing quality service and support to its customers.
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