860 ONTARIO LLC Bankruptcy Filing
Case Number: 24-11260
860 ONTARIO LLC filed a 7 chapter bankruptcy in the Western District of New York bankruptcy court on November 01, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-11260.
860 ONTARIO LLC Filing Information
A Chapter 7 bankruptcy filing was made public on November 1st, 2024, for 860 ONTARIO LLC, a corporation based at 6861 Seneca Street, Elma NY. The court case number assigned to this matter is 24-11260 and it will be heard in the New York Western district. According to the bankruptcy information filed, this is the first significant development in the company's financial restructuring process. A Chapter 7 filing typically involves the liquidation of a debtor's assets to satisfy outstanding debts, suggesting that 860 ONTARIO LLC may be seeking relief from its creditors through this bankruptcy procedure. With this major milestone achieved, stakeholders and interested parties will now have the opportunity to monitor the progress of this case, which is expected to provide insight into the company's financial situation and potential plans for recovery or restructuring.
860 ONTARIO LLC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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860 ONTARIO LLC Docket Header
Assigned to: Chapter 7 Voluntary No asset |
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| Debtor 860 Ontario LLC 6861 Seneca Street Elma, NY 14059 ERIE-NY |
rep. by | Timothy Patrick Lyster
Woods Oviatt Gilman LLP 1900 Bausch & Lomb Place Rochester, NY 14604 585-987-2894 Fax : 585-445-2394 Email: tlyster @ woodsoviatt.com |