CJS WORKSHOP, LLC Bankruptcy Filing

CJS WORKSHOP, LLC Filing Information

CJS WORKSHOP, LLC has filed for Chapter 7 bankruptcy under case number 24-41044 in the Massachusetts court. The bankruptcy filing, which occurred on October 15, 2024, marks a significant milestone for the Corporation as it seeks to restructure its debt and assets. CJS WORKSHOP, LLC is headquartered at 31 Adams Street, Groton MA, and has chosen Chapter 7 bankruptcy, which allows for the liquidation of assets to pay off creditors. The case will be presided over by Judge Elizabeth D. Katz, who will oversee the process and ensure compliance with federal bankruptcy regulations. This move comes after a thorough evaluation of the company's financial situation, and it is expected that the Chapter 7 filing will provide a fresh start for CJS WORKSHOP, LLC as it navigates this critical phase in its history.

CJS WORKSHOP, LLC, a business involved in the performing arts sector, has filed for bankruptcy. The company is facing significant financial difficulties, with estimated assets ranging from $100,001 to $1,000,000 and liabilities between $1 million and $10 million. As of the filing, 100 to 199 creditors have come forward, indicating a diverse range of stakeholders affected by the company's struggles. With this high number of creditors, it is likely that CJS WORKSHOP, LLC has substantial debt obligations across various aspects of its operations. The bankruptcy filing suggests that the company will need to restructure or liquidate its assets in order to address these financial burdens and move forward. As a performing arts company, CJS WORKSHOP, LLC's financial situation may have been further complicated by industry-specific expenses, such as venue rentals and talent fees.

CJS WORKSHOP, 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.