Sortis Holdings has tentatively avoided bankruptcy, which would have required the company to liquidate, by reaching a preliminary settlement with four creditors.
According to creditor attorney Douglas Pahl, the creditors would drop their attempt to force Sortis Holdings into bankruptcy and request that a judge dismiss the case as part of the settlement. The full details will be revealed in court documents in the days ahead.
Stories by
Jonathan Bach
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99-year-old Portland company that gives modern high-rises their shine sold
