Troy, Michigan-based Rivore Metals, a ferrous and nonferrous metals broker and processor, has filed for voluntary Chapter 11 bankruptcy protection, according to a filing with the U.S. Bankruptcy Court for the Eastern District of Michigan.
Unsecured creditors listed in the filing include is Ontario-based Arlen Recycling, which Rivore owes more than $1.29 million, Farmington, Michigan-based Level One Bank and the U.S. Small Business Administration.
The company listed assets of up to $50,000 and liabilities of more than $1 million.
The metals broker continues to operate. A meeting of creditors will take place Oct. 22.
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