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Financial services firm that targeted retirees files for Chapter 11

Title: Financial services firm that targeted retirees files for Chapter 11
Date: Friday, 16 September 2005
Publisher: Tampa Bay Business Journal
Author: Jane Meinhardt
Main source: tampabay.bizjournals.com

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A financial services company that once ran newspaper ads touting its high rates on certificates of deposit is now seeking Chapter 11 bankruptcy protection. Clearwater-based First Liberty Group LLC filed its petition Aug. 31 in Tampa bankruptcy court. The company has more than 100 creditors and estimated debts of $1 million to $10 million, according to the petition. Assets are estimated at $100,000 to $500,000. A case management summary in court records describes First Liberty as a financial services company that ... [Read the rest at tampabay.bizjournals.com]