FreeRealTime.com Inc. Files for Bankruptcy Protection

FreeRealTime.com Inc., an Aliso Viejo provider of stock market data and other business information, has filed for bankruptcy protection.

The company also said recently that five of its seven directors have resigned.

FreeRealTime said it intends to continue operating its Web site as it pursues options for its business and properties, including selling assets.

The company filed a Chapter 11 bankruptcy petition for itself and its Canadian unit. Its RedChip.com Inc. and Digital Offering Inc. units were not included in the filing, FreeRealTime said.

The bankruptcy petition listed assets and debts ranging from $1 million to $10 million. Its largest unsecured creditors include the New York Stock Exchange and Nasdaq, which are owed more than $1 million each, and the American Stock Exchange.

Resigning from the board were Mike Alex, Scott Brown, Geoff Moore, Byron Roth and Robert Werle.