KMOX 1120AM

Local

Wood River-Based YTB Emerges From Bankruptcy

View Comments
Money
News

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

EAST ST. LOUIS, Ill. (AP)- A travel-marketing firm based in Wood River, Ill. says it will emerge from bankruptcy now that a judge has signed off on the sale of assets for $3.5 million.

The St. Louis Post-Dispatch (http://bit.ly/17kA5nH) reports that an East St. Louis federal bankruptcy court has approved the sale of YTB International to Jamraval Inc.

YTB is a seller of Internet-based travel services and products. It filed for Chapter 11 bankruptcy in March.

The company’s new owner, Sam Hathi, will oversee YTB’s day-to-day operations.

YTB’s president and CEO, Andy Cauthen, will remain at the 12-year-old company in an unspecified management position.

© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 3,926 other followers