Consulting Company files for Bankruptcy

I just got back from Baltimore and Here is some more fallout from the general economic mess we are enmeshed in at this time. The McLean consulting agency has announced that they are filing for Chapter 11 bankruptcy protection. There was the definate chance that their stock was going to be delisted from Wall Street and all of its loans would need to be repaid. Trading of their specific stock was already been halted by the exchange and their prices have dropped heavily. Too bad you cannot really do a Lawsuit for that. If you reside in lovely Baltimore and you need a Baltimore credit repair attorney then please consider this firm for that and also bankruptcy needs over in Baltimore.

Meanwhile, their CEO Ed Harbach announced that their particular operations would nonetheless continue without interruption and that their commitment to employees and customers would continue to provide “world-class consulting solutions.” Not sure where they are going to get the funding, however, without Wall Street funds in hand.
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All in all, they have clients from the Department of Health and Human Services to the United States military. Overall federal contracts had previously reached $520 million back in 2007. They employs or provide Funding for approximately fifteen thousand individuals or so globally.

The Chapter 11 bankruptcy filing was done in the Southern District of New York state. A company spokesman reported that some management staff will stay in place. There are no plans for layoffs in the near future, but that could change if funding issues happen to worsen.