ALTUS, Okla. (AP) — Quartz Mountain Aerospace has filed for bankruptcy protection, listing $30.4 million in assets and $16 million in liabilities.
The former Luscombe Aircraft Company made its filing in federal court in Oklahoma City.
The company said it wants to liquidate assets to pay off creditors including local banks, the City of Altus, the Oklahoma Industrial Finance Authority and the Oklahoma Tax Commission.
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Information from: Altus Times
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