RESTAURANT LIFE, LLC Bankruptcy Filing

Filing Information

RESTAURANT LIFE, LLC filed for Chapter 11 bankruptcy protection on October 8, 2024, with case number 24-20485. The Florida Southern court will oversee this corporate entity's restructuring process. As a Corporation, RESTAURANT LIFE, LLC has sought Chapter 11 bankruptcy to reorganize its debts and potentially avoid liquidation. The filing was made by Peter D. Russin, the assigned judge for this case. The debtor, located at 1103 N. Federal Highway in Pompano Beach, FL, will work with creditors and other stakeholders to develop a plan to address its financial obligations. This bankruptcy filing marks an important step in RESTAURANT LIFE, LLC's efforts to restructure its operations and ensure the long-term sustainability of its business.

RESTAURANT LIFE, LLC has filed for bankruptcy, a development that marks a significant turning point for the company. The filing, which was made in [court/ jurisdiction], indicates that the business is struggling with substantial debt. According to court documents, RESTAURANT LIFE, LLC's assets range between $100,001 and $1,000,000, while its liabilities fall within the same range. This suggests that the company has a significant amount of outstanding debts that it is unable to pay. The number of creditors involved in the case remains undisclosed, but the fact that they are numerous enough to warrant bankruptcy proceedings indicates a broader financial crisis. As a business operating in the Restaurants and Other Eating Places industry, RESTAURANT LIFE, LLC joins a long list of establishments that have struggled to stay afloat in this challenging sector. The specifics of the case will likely be further revealed as the bankruptcy process unfolds, providing insight into the circumstances surrounding this significant development.

RESTAURANT LIFE, 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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