The chapter 11 trustee in the Creative Recycling Systems' bankruptcy case has filed a notice for voluntary conversion to chapter 7 bankruptcy liquidation, the Tampa Bay Business Journal reported yesterday. The Tampa e-waste recycler filed for chapter 11 bankruptcy protection in late August, after Regions Bank sued the company earlier this year for more than $18 million. The company has since closed all of its facilities around the country and laid off hundreds of employees. Recently, the judge in the case in the U.S. Middle District of Florida ordered that the company could abandon all property burdensome to the estate.
