PBWT

OCTOBER 27, 2021

The debtor operated 28 franchise restaurants primarily in the Sun Belt region. The debtor encountered financial problems related to the onset of the COVID-19 pandemic, resulting in a chapter 11 filing in April 2021. In re Platinum Corral, LLC , No. 21-00833-5-JNC, 2021 WL 4695327 (Bankr. Bankruptcy Judge Joseph N. ’" Id.

Creditors 59

Creditors Debtor Collateral Unsecured Creditor 59

Debt RR

DECEMBER 13, 2019

Many businesses are both debtors and creditors. Debt can also be secured using intellectual property, equity, and other soft debt. Missing payments on secured debt causes the creditor to repossess the property as recourse. Some creditors issue bonds, which demand principal and interest payments. Noteholders.

Chapter 7 bankruptcy 43

Chapter 7 bankruptcy Bankruptcy Creditors Retail 43

Collection Industry News

SEPTEMBER 29, 2020

million in light of the unprecedented financial distress being experienced by small businesses all across the county, including especially by small retailers and manufacturers, restaurants and services providers. Only the company’s owner may file a plan in a Subchapter V case; there are no creditor plans permitted. million to $7.5

Bankruptcy 45

Bankruptcy Creditors Debtor Lawyers 45