Rental company files for bankruptcy
A Quincy tool-rental company has filed to liquidate under Chapter 7 of the U.S. bankruptcy code.
Optimum Equipment LLC, which does businss as U-Rent It Tool, listed assets of less than $50,000 and liabilities in the range of $1 million to $10 million.
In its filing, Optimum ownership says creditors hold $2.78 million in unsecured claims. The filing states there are no secured claims.
Optimum is represented in the bankruptcy by attorney David B. Madoff of Madoff and Khoury in Foxborough.