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Bankruptcy Reorganization Chapter 11

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January 11, 2022

GPMI, Co Files Chapter 11

GPMI, Co. filed for Chapter 11 on January 10, 2022 at the United States Bankruptcy Court for the District of Arizona.  The manufacturer, based in Gilbert, AZ, is represented by Engelman Berger, P.C.   

Declaration:  "The COVID pandemic has had a major impact on GPMI’s business. At first, we anticipated that demand would increase for our products. And while it did, another phenomenon worked against the Company’s success. The increased demand in the marketplace led to shortages of product necessary to fulfil the huge demand. To capitalize on this market condition, foreign manufacturers flooded the American market with inferior products at lower price points." 
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