
Cash Cow filed for Chapter 11 reorganization July 6 with the U.S. Bankruptcy Court in Albuquerque, after the company could not reach a settlement on a lawsuit filed more than a year ago.
“We’ve made a reasonable offer,” said Tim Delgado, principal owner, who started the company in September 2003, “to the attorneys who filed the suit.”
A day before Cash Cow held their largest Customer Appreciation Day in Ford Canyon park last year in June, the company was served with a civil summons in U.S. District Court for the District of New Mexico. The suit cited that Cash Cow had violated the Truth in Lending Act and Unfair Practice.
For retail sales in which customers would make...