A Canadian-based mattress company has filed for bankruptcy protection after receiving millions from the city of Wichita Falls.
Wichita Falls Chamber of Commerce President Tim Chase said Natura World filed for bankruptcy protection Wednesday.
Chase said the city gave the company time to get funds in order to reimburse all parties. He said that time has now passed and the process will go into insolvency or a receivership condition.
Chase also said that a different Canadian-based company had expressed interest in purchasing the assets of Natura World to continue making mattresses.