WIZARD MANUFACTURING LLC Bankruptcy Filing
Case Number: 24-24486
WIZARD MANUFACTURING LLC filed a 7 chapter bankruptcy in the Eastern District of California bankruptcy court on October 04, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-24486.
WIZARD MANUFACTURING LLC Filing Information
WIZARD MANUFACTURING LLC, a California-based corporation, has filed for bankruptcy under case number 24-24486 with the United States Bankruptcy Court for the Eastern District of California. The company, located at 2244 Ivy Street in Chico, CA, filed its petition for Chapter 11 bankruptcy on October 04, 2024. This marks a significant development for WIZARD MANUFACTURING LLC as it seeks to restructure its debt obligations and achieve financial stability. The court assigned Judge Christopher D. Jaime to oversee the case, indicating that the court is taking an active role in facilitating the company's restructuring efforts. As the process unfolds, creditors, stakeholders, and interested parties will be closely watching this development to understand the implications for WIZARD MANUFACTURING LLC's future operations and financial stability.
WIZARD MANUFACTURING LLC has filed for bankruptcy, marking a significant milestone in the company's financial history. The LLC's assets are valued within the range of $1 million to $10 million, indicating a relatively modest scale of operations. According to court records, WIZARD MANUFACTURING LLC has an estimated 100-199 creditors who will be impacted by the bankruptcy filing. This suggests that while the company may have had some significant transactions or obligations, its overall financial footprint is not overly extensive. The liability range of $10 million to $50 million further underscores the complexity of the situation, with WIZARD MANUFACTURING LLC facing substantial debt obligations. As a manufacturer of food products within the "Other" category, the company operates in a niche segment of the industry, which may have contributed to its financial struggles. With this bankruptcy filing, stakeholders will be closely monitoring the company's progress as it navigates the restructuring process.
WIZARD MANUFACTURING 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.
How Bankruptcy Monitoring Works
At Bankruptcy Observer, our mission is to save you time and simplify the process of accessing and monitoring bankruptcy cases. Whether you're a legal professional, financial analyst, business owner, competitor, or employee of a bankrupt company, our platform will help you to stay informed and stay organized quickly and efficiently.
|
Subscribe for Full Access With our $40 monthly subscription, you can monitor up to 5 cases simultaneously. This includes real-time email alerts for any new developments, such as new filings or docket updates. Perfect for professionals who need to keep track of multiple cases. |
|
|
Search & Select Cases Search & Select Cases After subscribing, use our powerful search tool to find the bankruptcy cases you want to monitor. Simply sign up for alerts on each case to start receiving daily update. (Monitor up to 5 cases at the same time.) |
|
Pay-As-You-Go Option If you only need to monitor a single case, you can do so without subscribing. For just $14.99, you can set up monitoring for one case, receiving the same timely alerts without the full subscription commitment. |
|
|
Receive Real-Time Alerts With our $40 monthly subscription, you can monitor up to 5 cases simultaneously. This includes real-time email alerts for any new developments, such as new filings or docket updates. Perfect for professionals who need to keep track of multiple cases. |
WIZARD MANUFACTURING LLC Docket Header
Assigned to: Hon. Christopher D. Jaime Chapter 7 Voluntary Asset |
|
| Debtor Wizard Manufacturing LLC 2244 Ivy Street Chico, CA 95928 BUTTE-CA Tax ID / EIN: 20-8503460 |
rep. by |
Chris D. Kuhner
1970 Broadway, Suite 600 OAKLAND, CA 94612 5107631000 Email: c.kuhner @ kornfieldlaw.com |
| Trustee Kimberly J. Husted 11230 Gold Express Dr #310-411 Gold River, CA 95670 916-635-1939 |
rep. by |
Thomas G. Mouzes
555 Capitol Mall Suite 1500 Sacramento, CA 95814 916-321-4444 Email: tmouzes @ boutinjones.com |
| U.S. Trustee Office of the U.S. Trustee Robert T Matsui United States Courthouse 501 I Street, Room 7-500 Sacramento, CA 95814 |