Pizzeria trade goes through one The complexity. In recent years, Oth Pizza, California Pizza Kitchen and Chuck E. Now,, Sepphev’s restaurant This adds to this anxious list.
Based on Ohio and in cities such as Naples, Newubari and Betford Heights, Soppin Tavern stands for its rocker theme. However, the increase in competition, changes in consumption habits and financial problems led to the company Seek legal refuge under chapter 11 of the bankruptcy law of the United States. The application was submitted before the bankruptcy court of the Northern District of Ohio, the owner of the Bizzeria Management III LLC in April.
Sepphev’s restaurant
The company, which believes in relentlessly to restructure its functions, has revealed a complex economic balance: it has assets worth $ 50,000 and Loans up to half a million and a million dollars. For these types of businesses, the subcommittee of Chapter 11 can provide a faster and low -cost escape path than other bankruptcy procedures.
According to Domestic Revenue Service (IRS), this type of mechanism is usually used by large -scale businesses and its main purpose Allow internal restructuring without dissolving the company. As the IRS notes, in these processes, “it is important to avoid accumulation of new loans” and that the business can comply with its future tax and financial obligations.
Sepphev’s restaurant
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The case of the copper restaurant reflects a wide course that affects the informal restoration sector in the United States. Although the infection sharpens the crisis, many experts agree that the traditional owner model has already shown signs of clothing. In the reasons The boom of distribution sites, changes in the consumer lifestyle and the growing pressure of large chains International
