CRS Holding of America LLC, whose subsidiaries recycle electronics such as televisions and computers, filed for chapter 11 protection at the direction of its court-appointed receiver, Dow Jones Daily Bankruptcy Review reported today. In papers filed on Friday with the U.S. Bankruptcy Court in Tampa, Fla., CRS, short for Creative Recycling Systems, said that it plans to use chapter 11 to stabilize its operations and then sell its business, using the proceeds to repay creditors.
