Miyoshi America Inc., a 41-year-old cosmetics company, has filed for Chapter 11 bankruptcy in an attempt to resolve alleged talc- and asbestos-related liabilities in lawsuits against the company and continue operating in a business-as-usual manner. The company, which employs about 62 workers at its facilities in Dayville, Conn., and Valley Cottage, N.Y., filed its petition in the U.S. Bankruptcy Court for the Southern District of Texas on April 27, listing $10 million to $50 million in assets and liabilities, including about $30.7 million in property. The bankruptcy plan requires court approval and includes a $20 million trust to pay claims related to litigation.