Nova Financial Files to Liquidate Under Chapter 7 - Businessweek
The Chapter 7 petition for the bank holding company, filed
in U.S. bankruptcy court in Philadelphia, listed assets of as
much as $100,000 and debt of as much as $50 million. Nova Bank
had about $483 million in assets and $432 million in deposits as
of June 30, according to a Federal Deposit Insurance Corp.
statement.
Nice leverage....
No comments:
Post a Comment