Keyword: bankruptcy
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The Diocese of Rockville Centre has sold its Pastoral Center, at Sunrise Highway and North Park Avenue in the heart of downtown Rockville Centre, for $5.2 million, church officials announced … more
Aside from the slings and arrows thrown more sparingly than usual by President Trump, the nearly two-month-long coronavirus crisis has been largely free of the bitter partisan politics that have roiled our nation in recent years. Until last week, that is. more
Seasons, the upscale kosher supermarket chain with national ambitions, has filed for bankruptcy, it was reported late Monday.In its Chapter 11 filing, Seasons reported $42 million in debt and $5 … more
The company that owns Twin Rinks — an ice skating facility in Eisenhower Park that opened just over a year ago — has filed for bankruptcy and plans to sell all its assets, But indicated that the facility will remain up and running until new ownership takes over. more
Q: First, my background is in commercial real estate – I buy, rehab and rent commercial space. But, a peer recently talked to me about buying distressed assets as a … more
Q: I own a seasonal business in Suffolk County wherein most of our sales occur in the summer months. Typically, I am able to pay vendors and other suppliers, who I’ve known for decades, … more
Founded in Brooklyn 93 years ago, discount clothing retailer Loehmann’s expanded to stores in 11 states, but a U.S. bankruptcy court approved plans on Jan. 8 for a group of three outside groups to conduct “going out of business sales.” more
The fate of Loehmann’s, a discount designer apparel chain that filed for bankruptcy for the third time on Dec. 16 — and which has a location at 1296 Broadway in Hewlett — will be decided at a Jan. 4 hearing at U.S. Bankruptcy Court in Manhattan, according to company spokeswoman Melissa Krantz. more
Q: I own a business in Eastern Long Island and recently received a notice from a bankrupt company that we haven’t done business with in years, demanding money and … more
Q: I own a business and one of my customers filed for bankruptcy, is there anything I should do? A: Yes, there is actually quite a lot you should do, and the explanation of everything would be … more
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