by Tanta on 6/15/2007 02:48:00 PM

This is a drag:

June 15 (Bloomberg) -- Ronco Corp., maker of the Veg-O-Matic vegetable slicer and the Pocket Fisherman, filed for bankruptcy two years after founder and television pitchman Ron Popeil sold the iconic company.

Ronco, which marketed products as perfect for ``grads and dads,'' sought protection from creditors owed more than $32.7 million. It listed $13.9 million in assets yesterday in U.S. Bankruptcy Court in Woodland Hills, California.