Just as consumers do, sometimes companies need to file for bankruptcy. Victory Jet LLC, for example, has filed for chapter 7 bankruptcy protection due to liabilities of $3.74 million and assets of just $7,822 in personal property.
The Greensboro charter-airline company was founded in February and based at Piedmont Triad International Airport, boasting about seven former Pace Airlines Inc. officials on its team of managers. That company had collapsed in 2009.
