No layoffs or service interruptions are expected as a result of Win.Net’s bankruptcy filing this month.
The Louisville-area company provides internet service to homes and businesses in Southern Indiana, Central Kentucky and parts of Arkansas. The company is filing for Chapter 11 bankruptcy to help reorganize nearly $750,000 of debt.
President Michael Tague says the debt was accumulated as Win.Net acquired other ISPs. He doesn’t expect the bankruptcy to affect the company’s 25 hundred customers or 14 employees.
“Our operations are profitable,” says Tague. “I mean we just simply had some accumulated debts that had just been too much. But the operations themselves are profitable and ongoing.”
Tague says the company is now in the process of restructuring its debt.
The company’s clients include Louisville Public Media.