Alta Equipment Group, Inc. (“Alta”) recently filed a verified petition for relief pursuant to Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The filing is a result of the company’s inability to service its debt and other obligations.
Alta Equipment Group is a Michigan-based company that provides construction and industrial equipment sales, rental, and service. The company has been in business since 1945 and operates more than 40 locations throughout the Midwest.
The filing of the petition for relief will allow Alta to restructure its debt and other obligations. The company is currently in negotiations with its lenders and other creditors to reach an agreement on a plan of reorganization.
The filing of the petition for relief does not mean that Alta is going out of business. The company will continue to operate its business as usual while it works through the reorganization process. Alta will continue to honor its commitments to customers, suppliers, and employees during this process.
The filing of the petition for relief is an important step in Alta’s efforts to strengthen its financial position and ensure its long-term success. The company is confident that it will emerge from this process as a stronger and more competitive organization.
Alta Equipment Group is committed to providing customers with the highest quality products and services. The company will continue to focus on providing superior customer service and delivering innovative solutions to meet customer needs.
The filing of the petition for relief is a necessary step in Alta’s efforts to improve its financial position and ensure its long-term success. Alta is confident that it will emerge from this process as a stronger and more competitive organization.
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