NPA seeks Chapter 11 protection
- August 30, 2019 |
- LORI SHARN BRYANT
Group wants relief from creditors while it works on restructuring; September lobby day, conference going ahead as planned Fabricant Grappling with years of operating losses, falling reserves and a hefty arbitration award, the Natural Products Association filed a petition for bankruptcy Aug. 19. "The Chapter 11 filing will allow the Debtor the breathing spell necessary to redirect its efforts, including the time of its senior staff, to growing its core business of advocating for the interests of the natural products industry and attracting new members," according to a declaration by CEO Daniel Fabricant, which was submitted in support of the petition filed with the U.S.… Read More