The company has secured a commitment for debtor-in-possession financing from Bank of America, subject to court approval. The company believes that the financing package will provide funding to maintain normal business relationships with its vendors and continue an uninterrupted supply of products to its customers.
Burke files for bankruptcy
Burke Industries Inc. has filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in U.S. Bankruptcy Court for the District of New Jersey.
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