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PEO Bankruptcy Closure Delayed

Thursday, August 16, 2007 | 0

Hopes that a federal bankruptcy judge in Southern California could soon end the Chapter 11 proceedings of a failed network of professional employer organizations were dashed this week. Some national insurers and the Internal Revenue Service filed documents with the Santa Ana-based bankruptcy court, delaying Tuesday's scheduled hearing, according to an attorney for the labor contractors known in the industry as PEOs. Attorney Robert P. Goe said in documents filed in U.S. Bankruptcy Court that disputes with the IRS, American International Group (AIG) and Ace American Insurance Co. sidet...

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