Wichita Parts Manufacturer Files For Chapter 11 Bankruptcy | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 08.10.17

Airborne 08.14.17

Airborne 08.15.17

Airborne 08.16.17

Airborne 08.10.17

Airborne 08.11.17

Airborne-Unmanned 08.15.17

Airborne-YouTube

AMA 08.10.17

Airborne 08.14.17

Airborne 08.15.17

Airborne 08.16.17

Airborne 08.10.17

Airborne 08.11.17

Airborne-Unmanned 08.15.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Fri, Apr 22, 2011

Wichita Parts Manufacturer Files For Chapter 11 Bankruptcy

L&T Machining Will Reorganize After Falling Behind On Taxes

A parts manufacturer which does business with aerospace companies in Wichita, KS, has filed for bankruptcy protection under Chapter 11 after falling behind on its taxes.  L&T Machining will reorganize its business and restructure its tax debt, which had climbed to $286,993, according to court documents. Company attorney David Eron told the Wichita Eagle that the filing was primarily to restructure the tax debt and move forward. He said there is plenty of work coming in, but not enough to pay off the IRS in a lump sum.

The tax agency had placed liens of everything the company owned, so income was being diverted to satisfy tax debt. In the court papers, the company says it has secured financing to allow it to cover purchase orders it has in house ... and generate some additional revenue to begin to service its IRS debt.

The company's website indicates it was started by two brothers in 1999. They service clients in the aerospace, automobile, agricultural, and electronic industries.

FMI: www.ltmachining.com

Advertisement

More News

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

AMA Drone Report 08.10.17: AMA Gov't Outreach, Nat'l Model Av Day, Lego Drones

Also: Volaero Tracks Pythons, Army v DJI, Snap Acquiring Drone?, Orlando Backs Down There’s no rest for the folks at AMA that deal with the politics that comes with flying ho>[...]

Airborne-Unmanned 08.15.17: Reno Drone Races, DoD CrackDown, Blue Angels v UAV?

Also: Kansas DOT-AirMap, CIRRUAS Drone Program, Daytona Beach PD UAS, Virginia UAS SAR The Reno Air Racing Association has signed an agreement with the MultiGP Drone Racing League >[...]

Airborne 08.15.17: Lycoming AD, Reno Drone Racing!, Santa Monica NIMBYs

Also: Icon A5 Accident, Aero-Calendar, Land Remote Sensing, Storm Aviation, Frontier, World Helicopter Day, Hubble The FAA has issued an Airworthiness Directive (AD) for the connec>[...]

Airborne 08.14.17: Concorde Return?, KSMO RWY Plans, DC Overflights

Also: San Mateo $$, Verhees Delta, Midwest Express, BizAv Activity, Cal Fire, AAR Ldg Gear, jetAVIVA The Concorde SST was retired in 2003 by British Airways and Air France after th>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC