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Congressman Phil Hare Fighting To Save Quad City Suit Company

Updated:

A Rock Island suitmaker may have to go out of business because its parent company has filed for bankruptcy.

Seaford Clothing is owned by Hartmarx, which filed for bankruptcy. The company makes high-end men's suits and employs 35-hundred people, including more than 300 at its Seaford plant in Rock Island.

There are three companies bidding for Hartmarx, and two plan to keep the company open.

But the third wants to liquidate and shut it down.

Wells Fargo, Hartmarx's creditor is leaning toward the company that wants to liquidate.

Illinois congressman Phil Hare is outraged that Wells Fargo is considering that option, because the banking giant accepted 25 billion dollars in bailout money.

Hare says that money was designed to help keep struggling companies from going out of business.

Hare says if Hartmarx is forced out of business, he will do whatever he can to make sure Wells Fargo does not get any more taxpayer bailout money.

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