Company founder and CEO Benjamin Suarez predicts the business will emerge from its financial woes bigger and better.
Suarez Corporation Industries has filed for federal bankruptcy protection amid a wave of lawsuits from creditors and in the aftermath of a federal court case that sent its founder to prison.
The Jackson Township-based SCI owes dozens of creditors, according to documents filed Monday in U.S. Bankruptcy Court in Canton.
The company listed debts between $10 million to $50 million and assets of $500,000 and $1 million, according to the filings.
Company CEO Benjamin Suarez said brighter days are ahead.
Citing similar moves by General Motors and President Donald Trump, Suarez predicted his business will likely emerge “bigger and better than before and create many new jobs.”
http://www.cantonrep.com/news/20170807/suarez-corporation-industries-files-for-bankruptcy
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