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In August 2009, Equiguard Inc. announced that it would seek bankruptcy protection in filing for Chapter 11 reorganization due in large part to a dispute with its insurer. Equiguard's business at the time of filing was experiencing solid growth from the previous year. The company assured its customers that the extended service agreements currently in the market would be honored by Assurant Solutions Inc., the former insurer used by Equiguard.
As the...