NEON files for Chapter 7 bankruptcy, new agency may arise

July 5, 2014

Chapter 7 Bankruptcy

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The acting CEO of Norwalk Economic Opportunity Now, or NEON, says the anti-poverty agency has filed for Chapter 7 bankruptcy.

The Reverend Tommie Jackson says it filed with the federal bankruptcy court in Bridgeport last week. 

Jackson says it was clear when he took over in late 2013 that the agencys debt of $4,000,000 and assets of less than $500,000 would make a turnaround near impossible.