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Tuesday, February 3, 2009

Spectrum Brands Bankruptcy

Spectrum Brands, a company known for making Rayovac batteries and Spectracide lawn-care products is filing for bankruptcy. This is a move the will be neccessary for the company to fix its debt. There are about $10.1 billion in assets for the company along with $4.4 billion in debt. According to the filing there are less than 10,000 creditors with claims against Spectrum Brands.

Among some of the products this company makes are Remington Razors, Cutter Insect Repellent and Nature's Miracle Pet Care products.

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