Petersen-Dean Inc. Files for Chapter 11 Bankruptcy Due to Impact of COVID-19
FREMONT, Calif. — Red Rose Inc. (RRI), Petersen-Dean Inc. (PDI) and certain of their subsidiaries/affiliates — including Solar 4 America and Roofs 4 America — announced they have commenced a voluntary restructuring under Chapter 11 of the U.S. Bankruptcy Code due to the effects of the on-going pandemic.
The Chapter 11 filing provides immediate protection to the companies, which will continue to operate in the ordinary course of business as they pursue either a restructuring or a sale for substantially all of their assets as a going concern.