Daily News

View All News

Axium assets to be auctioned today

January 31 2008

The assets of Axium International Inc. are scheduled to be sold in bankruptcy court today. Bankruptcy trustee Howard Ehrenberg said a company affiliated with former Axium President Ruben Rodriguez is the opening bidder at $2.5 million, but there are five other bidders as well.

Axium also owned Ensemble Chimes Global, but ECG's assets were sold in bankruptcy court on Jan. 23 to MPS Group Inc. (NYSE: MPS).

Axium filed for Chapter 7 bankruptcy on Jan. 8; a day later ECG also filed for bankruptcy. Axium processed payrolls and provided financing for the entertainment industry as well as owned ECG.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*