Global DocuGraphix Files for Bankruptcy
Headquartered in Lincolnshire, Ill., Global DocuGraphix reported July 18 that it filed petitions under Chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court in Dallas. Global DocuGraphix’s subsidiaries, Document Imaging a/k/a GDXdata and TopForm Software, have not joined in the petitions and continue operations as normal.
The action was taken by the company to attempt to conclude a sales process that it has been exploring for the last few months. The company is requesting the court to schedule a sales process to conclude in August, along with other first-day motions, including requests to pay pre-petition wages and benefits, continue utility services and maintain normal banking services.
For more information, call (972) 543-3600.