Truland, an electrical contractor, shut down months ago after filing for bankruptcy. The company officially filed for Chapter 7 bankruptcy, and the move has been described as being rather abrupt. Now, it has left lenders trying to get back what they can.
One of those lenders is BMO Harris Bank, which is based out of Chicago, Illinois. Back in July, records indicate that the bank was owed about $27 million. Being unable to repay that money was part of the reason that the company shut down.