A Doral, Fla.-based company that owes more than $70 million to creditors has filed for Chapter 7, the South Florida Business Journal reported today. Billed as an engineering and infrastructure firm specializing in telecommunications and energy, Bras Trading Inc. filed for bankruptcy on Feb. 14. Of the approximately $73.3 million Bras Trading owes, a sizable chunk is owed to just one company, according to the bankruptcy filing. Eutelsat do Brazil, a Miami-based holding company for Brazilian telecommunications firm Eutelsat do Brasil, is owed $64 million by Bras trading.
