Follow-Up Article Re Calumet Photo Bankruptcy

Written by CFB Blogger. Posted in Blog

As a follow-up story to one posted on April 9, 2014, on the blog pages of www.clientfirstbankruptcy.com, the attorneys at Client First Bankruptcy are pleased to report that Calumet Photographic Inc., which had recently filed Chapter 7 bankruptcy, has found a buyer for some of its assets. According to an article in the Wall Street Journal by Jacqueline Palank, court documents show that CalPhotoUS LLC, a new business formed by Calumet’s former principals, has offered $2.825 million to purchase inventory, store leases and other assets. The inventory and leases under consideration include stores in Chicago, San Francisco and Washington, D.C. Reportedly, CalPhoto will also take responsibility for any liabilities related to leases, former employees and customers. The Chapter 7 trustee is urging the Chicago bankruptcy court to approve the sale at the upcoming bankruptcy hearing. The Client First Bankruptcy attorneys are an unsurpassed staff of the most knowledgeable consumer bankruptcy attorneys in the country, thousands of new clients each year in consumer bankruptcy matters. Client First Bankruptcy attorneys are current on all of the new Chapter 7 and Chapter 13 bankruptcy laws. Client First Bankruptcy attorneys answer their phones Monday-Friday from 8:30 a.m.-6:00 p.m. (Central Time) so you can get your initial complimentary consultation at a time that is most convenient for you. Our aggressive representation and extensive experience have earned the Client First Bankruptcy attorneys a national reputation for excellence in the representation of debtors in financial distress. Call us toll-free at 800-383-6004 and log onto our interactive website at www.clientfirstbankruptcy.com. Call us today & sleep better tonight.