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Military, police supplier declares bankruptcy

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Posted at 10:39 AM, Apr 08, 2013
and last updated 2013-04-08 10:39:00-04

ELIZABETHTOWN, Ky. (AP) - A Kentucky-based business that supplies boots, uniforms and tactical gear to law enforcement and the military has filed for federal bankruptcy protection.

U.S. Cavalry Store Inc. President James Leonard says the company has been approached by ERMC Property Management about buying its assets out of Chapter 11 bankruptcy. Leonard told The News-Enterprise (http://bit.ly/14Z7l7h ) the bankruptcy filing is part of the purchasing process.

In the filing, the Radcliff-based company estimated its assets at less than $50,000 with liabilities between $1 million and $10 million. Between 200 and 999 creditors are owed money by U.S. Cavalry.

The company lists the Radcliff retail store as well as stores at Fort Knox; Fort Campbell; Fort Stewart, Ga.; and Columbus, Ga., near Fort Benning.