PJM Enterprises of Marion, Inc. files for Chapter 11

PJM Enterprises of Marion, Inc. filed for chapter 11 bankruptcy protection yesterday at the United States Bankruptcy Court for the Southern District of IL.  The Company's petition lists assets and liabilities between $1 and $10 million.

The Company's website describes the Company as

"a consortium of businesses that is a result of an aggressive diversification strategy. This strategy includes a real-estate investment group, manufacturing and fabrication shop, residential and commercial construction companies, a retail automotive performance shop, an ARCA racecar and educational ventures. All of these capital ventures have come together to formulate an aggressive growth oriented business and has repeatedly proven to deliver high quality product, on time and under budget. This growth has been driven by the president’s vision that is characterized by its enthusiastic zeal for achievement. "