ILA files for voluntary Chapter 11

Iola Living Assistance

Iola Living Assistance Inc. filed for voluntary Chapter 11 bankruptcy protection Nov. 6, in the Eastern District of Wisconsin. The debtor listed an address of 505 West Iola Street., Iola, and is represented in court by attorney Paul G. Swanson.

Iola Living Assistance Inc. listed assets up to $3,488,034 and debts up to $6,224,895. The filing’s largest creditor was listed as First State Bank of New London with an outstanding claim of $5,512,395. – Milwaukee Business Journal

Also see Waupaca County Post on the story here.