Massachusetts Eatery Files Chapter 7 Bankruptcy

Written by CFB Blogger. Posted in Blog

Tastings LLC, DBA Tastings Wine Bar & Bistro in Foxborough, Massachusetts, has recently filed for Chapter 7 bankruptcy. Tastings LLC listed $438,331 in assets, including restaurant furnishings, 2014 New York Patriots club seats with a listed value of $9,500 and a $7,500 deposit on a year of Patriots tickets. The company’s listed liabilities of $257,262 include $225,000 for “lease termination” to NPP Development LLC of Foxboro, which is controlled by the Kraft family, who own the NFL team. Most of the rest of LLC’s liabilities are trade debts, reports Eric Convey for the Boston Business Journal. Tastings Wine Bar & bistro’s proprietors Bill and Patti Martin wrote on their website: “It is with great regret that we must inform you that Tastings has permanently closed for business effective immediately. The combination of a weak economy, high and persistent unemployment, and high staff turnover has led us to this difficult decision. We hope you have enjoyed having Tastings be a part of the local dining scene over the past 6 years and wish you all the best. Thank you for your loyal patronage and we regret any inconvenience our closing may cause.” Your overwhelming debt is a serious matter that you need to deal with now. Filing for Chapter 7 or Chapter 13 personal bankruptcy is complicated. You need a knowledgeable and experienced bankruptcy attorney from Client First Bankruptcy at your side to guide you through every step. Call us toll-free at 800-383-6004 Monday through Friday from 8:30 a.m.-6:00 p.m. Central Time to speak with an experienced bankruptcy representative. For 24/7 access, please log onto our easy-to-navigate website at clientfirstbankruptcy.com for vital information about your Chapter 7 or Chapter 13 bankruptcy. It could be the key to your financial freedom. We help Americans eliminate their debt. Let us help you, too. Call us today, sleep better tonight.