A Mansfield manufacturer was being propped up to the tune of £5.6m by its US parent company before until it suddenly filed for Chapter 11 bankruptcy, according to new papers seen by TheBusinessDesk.com.
However, administrators at the firm, say that a sale of the business could be possible.
Champion Laboratories, which made air filters, went into administration on 28 June after Champ Inc withdrew its backing and entered bankruptcy proceedings.
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