Pennsylvania Jeweler Files Chapter 7 Bankruptcy
Richard Sendrick, owner of Van Scoy Diamond Center, has filed for Chapter 7 bankruptcy. The jewelry store has been a fixture in Scranton, Pennsylvania for over fifty years. During its peak in the early 1980s, the company, which was founded by Thomas Van Scoy, employed over 150 people at 25 stores in nine states. However, [...]
Hawaii Bankruptcy Filings Flat for the Month of May
Bankruptcy filings throughout the state of Hawaii were virtually flat during May 2011, although there was a spike in Chapter 13 filings. Total filings decreased slightly from 336 in May 2010 to 334 this year, marking the fourth time in five months that filings decreased from the same month one year ago, according to recent [...]
Attempt to Resurrect Erie Social Club Ends in Chapter 7 Bankruptcy
David Stevens and David Montgomery, who attempted to revitalize East Erie Turners, in Erie, Pennsylvania, have filed separately for Chapter 7 bankruptcy, citing a $300,000 debt from the failed business venture, according to Ed Palattella reporting for www.goerie.com .Stevens and Montgomery created the consortium that purchased the East Erie Turners building in 2006, with a [...]
Co-Founder of Regency Real Estate Files Chapter 7
Richard Moffitt, co-founder of the now-shuttered Regency residential and commercial building companies along with the late Michael Myers, has requested discharge of debts with a recent filing of a Chapter 7 bankruptcy. According to bankruptcy court documents, Moffitt, the third top executive of Regency, listed $991,585 in assets, mostly real estate, including his home, [...]
Milwaukee mattress franchise files for debt relief
Six Verlo Mattress Factory Stores recently filed for chapter 128 debt relief. Chapter 128 debt relief is a bankruptcy alternative that helps Wisconsin residents and businesses minimize debt. The Milwaukee-based mattress retail franchise requested debt relief in the Milwaukee County Court earlier this month. The six stores’ two owners, Greg Gardetto and Mike Murphy, operate [...]