CHARLESTON, W.Va. (WSAZ) -- A bankruptcy court hearing involving Freedom Industries Friday revealed a change of course for the company and what will happen as the investigation into the chemical spill continues.

Attorneys representing Freedom Industries said the company's problems far outweigh what it can handle and the business will eventually shut down.

Freedom Industries' CEO, Gary Southern, was not in the courtroom Friday.

Attorney Mark Freedlander represented Freedom Industries.

Freedlander said the company will remain in Chapter 11 bankruptcy.

He said after recognizing the costs, business appears to be unpractical under the circumstances.

Freedlander also said Freedom Industries' leftover inventory is being sold to existing customers and depleted.

Attorneys said the company plans to transition those customers to competitors.

Freedlander said the company hopes current employees will be able to find new positions with competitors or vendors that work with Freedom Industries.

According to Freedlander, employees and customers were made aware of the situation Friday morning.

Originally posted here:

Freedom Industries Winding Down Operations