§ 32140 Bankruptcy Notice To Commission

• •If a company files for bankruptcy, its leaders must tell a local government office about it.
• •They have to send a written notice within 10 work days.
• •The notice goes to the main county where the company is based.

A big toy store in Los Angeles goes bankrupt and can't pay its bills.

The store's leaders must write a letter to the Los Angeles county office within 10 work days to tell them about the bankruptcy.