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Let down by a global credit crunch and high costs of servicing old plans, three pre-need firms succumbed to financial pressure and closed shop, leaving thousands of investors without their savings.
                    [DatePublished] => 2009-01-19 00:00:00
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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GALACY REALTY AND HOLDINGS INC

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3 pre-need firms close shop due to credit crunch

By Zinnia B. Dela Peña | January 19, 2009 - 12:00am

Let down by a global credit crunch and high costs of servicing old plans, three pre-need firms succumbed to financial pressure and closed shop, leaving thousands of investors without their savings.

Business