Towers Financial filed for protection under Chapter 11 of the Federal bankruptcy code yesterday.

In March, Towers Financial filed for bankruptcy, the day after five of its subsidiaries did the same.

Towers Financial, a bill-collecting and financing company, has filed for bankruptcy court protection.

A City College dropout, he tells of starting out with just $2,000, building a small credit business into Towers Financial.

They were also used to hide losses and overstate earnings by executives at Towers Financial, which declared bankruptcy in 1994.

I was told by an investment adviser that Towers Financial was a strong company.

All three names correspond to the names of employees at Towers Financial.

Moreover, to complete the deal, the nursing home had to get approval from Towers Financial, which was one of its major creditors.

Towers Financial filed for bankruptcy, a day after similar filings by five subsidiaries.

Towers Financial will seek 50.1% of Pan Am.