MOUNTAIN APPLE LLC Bankruptcy Filing

Filing Information

MOUNTAIN APPLE LLC, a corporation, filed for bankruptcy on October 4, 2024 (bankruptcy date), with case number 24-20340, in the Florida Southern court. According to the bankruptcy information provided, the company has taken this step to restructure its debt obligations. The court presiding over the case is the Florida Southern court, with Judge Robert A Mark overseeing the proceedings. This development marks a significant turning point for MOUNTAIN APPLE LLC, as it seeks to navigate the challenges of managing its financial liabilities and emerge from bankruptcy in a stable position. Further details regarding the company's circumstances leading up to this filing and the expected outcome of the bankruptcy process will be disclosed as the case unfolds.

In a move that will likely have significant implications for the local business community, MOUNTAIN APPLE LLC has filed for bankruptcy. According to recent reports, the company's assets are estimated to be within the range of $0 to $100,000, while its liabilities fall within the same narrow range. This suggests that Mountain Apple LLC is deeply in debt and may not have a substantial safety net to fall back on. The filing also indicates that the company has few creditors, with a total number ranging from 1 to 49. This limited creditor base further underscores the challenges facing the business. As a restaurant and other eating places establishment, Mountain Apple LLC joins a growing list of establishments in this industry that have struggled financially in recent times.

MOUNTAIN APPLE 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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