Giga Watt declares Bankruptcy

Giga Watt declares Bankruptcy

The Giga Watt declared bankrupt owing millions to creditors. The company owes 20 unsecured creditors including $310,000 to a utility provider and half a million dollars to Neppel Electric. The assets of the company are worth less than $50,000 while the liabilities range to $10 to 50 million. It has filed for Chapter 11 bankruptcy at a court.

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