Fuller Brush, known for having door-to-door salesmen to sell
their cleaning products, has filed for bankruptcy just two months after it
“rebooted itself,” according to Bloomberg.
The company based in Great Bend, Kansas was started in 1906
by Alfred C. Fuller in his sister’s house. It was the subject of a 1948 movie
“The Fuller Brush Man,” starring Red Skelton and Janet Blair.
The company announced Jan. 2012 that it had developed a new
marketing plan, products and built a new website, they also stated that 2012
would be a “landmark year” for the company, Bloomberg reports.
Fuller Brush filed for Chapter 11 bankruptcy protection on
Tuesday listing assets and debts close to $50 million. Fuller’s parent company
CPAC Inc. is also seeking protection from creditors.
The Fuller Brush factory in Kansas, which was built in 1973,
manufactures about 2,000 different products.
Under the Chapter 11, Fuller Brush will be able to continue
operations while they pay down their debts. A bankruptcy attorney will recommend this option to a business if it
doesn’t want to shut down production. Chapter 11 is generally used by
corporations, but an individual with lots of debt can also utilize this filing.
Some businesses find it hard to operate in tough economic
times and turn to bankruptcy lawyers
to offer solutions to their financial problems. After a bankruptcy attorney has evaluated an individual’s or companies
financial situation they can suggest a bankruptcy structure that is right for