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Lotus Direct Files for Chapter 7 Bankruptcy

Lotus Direct Inc., a subsidiary of Jordan Industries, Inc., has filed for Chapter 7 protection in the United States Bankruptcy Court, according to reports. Lotus Direct sells data to financial institutions. According to reports, the company has debt of nearly $20 million.

Lotus Direct Inc., a subsidiary of Jordan Industries, Inc., has filed for Chapter 7 protection in the United States Bankruptcy Court, according to reports. Lotus Direct sells data to financial institutions. According to reports, the company has debt of nearly $20 million.

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