Editorās note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
Orlando-based Tupperware Brands Corp. (NYSE: TUP) on Sept. 17 filed for bankruptcy protection in Delaware, a move that could initiate a complex case given the companyās global presence.
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Itās possible the business will be sold off to multiple international investors.
āItās pretty complicated,ā said Tampa business bankruptcy lawyer Edward Peterson, who is not involved with the case. āItās a multi-jurisdictional issue because theyāre dealing with creditors in different countries, as well as trying to decide how to handle different profitable and unprofitable areas of the business. Itās not your standard bankruptcy case.ā
Read: Tupperware files for bankruptcy after years of declining sales
Click here to read the full story on the Orlando Business Journalās website.
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