Fall River, Mass.-based NuOrtho Surgical declares bankruptcy and looks to liquidate its remaining assets to pay of its creditors, who include several former executives.
After a 7-year run Fall River, Mass.-based NuOrtho Surgical filed for Chapter 7 bankruptcy, listing liabilities of $4.74 million and assets of $287,117. Nearly 40 patents were also cited in the filing, some of which had been used as collateral.
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