INDOCHINE RESTAURANT, LLC Bankruptcy Filing

Filing Information

INDOCHINE RESTAURANT, LLC filed for bankruptcy on October 4, 2024, with case number 24-03490, according to court records. The corporation-based organization has listed its debtor address as 7 Wayne Drive in Wilmington, NC. This marks a significant development for the company, which will now undergo the formal process of restructuring or liquidation as outlined in bankruptcy law. As a corporate entity, INDOCHINE RESTAURANT, LLC's bankruptcy filing signifies a significant financial setback and raises questions about its future operations and prospects. The North Carolina Eastern court will preside over the case, overseeing the bankruptcy proceedings to ensure compliance with federal and state regulations. With this filing, creditors and stakeholders can expect to receive updates on the status of INDOCHINE RESTAURANT, LLC's assets, liabilities, and plans for emerging from bankruptcy.

INDOCHINE RESTAURANT, LLC has filed for bankruptcy, listing assets ranging from $0 to $100,000. The company, which operates under the Restaurants and Other Eating Places industry, has accumulated significant liabilities, with amounts estimated between $1 million and $10 million. According to court documents, 50-99 creditors have been affected by the business's financial struggles. This substantial number of creditors underscores the impact of INDOCHINE RESTAURANT, LLC's bankruptcy on the broader food service industry. The company's liquidation raises questions about the long-term viability of restaurants and eateries in the face of economic pressures and escalating debt levels.

INDOCHINE RESTAURANT, LLC indicated on its bankruptcy petition that it expects there will be sufficient assets in the estate to make a payment to the unsecured creditors.

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