DIANAS HAIR SALON & SPA LLC Bankruptcy Filing

DIANAS HAIR SALON & SPA LLC Filing Information

DIANAS HAIR SALON & SPA LLC filed for bankruptcy on October 15, 2024, under Chapter 7 of the US Bankruptcy Code. The corporation's case, designated as 24-73924, was heard by Judge Alan S. Trust in the New York Eastern Court. As a result of this filing, DIANAS HAIR SALON & SPA LLC will be subject to the provisions of Chapter 7 bankruptcy, which aims to provide a fresh start for the debtor and its creditors through asset liquidation or discharge of debts. The company's last known address was 72 Sweetgum Ln, Miller Place, NY. Bankruptcy information indicates that DIANAS HAIR SALON & SPA LLC has initiated this process to restructure or eliminate its liabilities, marking a significant step for the business in addressing financial difficulties.

DIANAS HAIR SALON & SPA LLC, a business operating under the Lessors of Real Estate sector, has filed for bankruptcy. The company's assets fall within a narrow range of $0 to $100,000, suggesting limited resources and potentially tight financial constraints. With only one creditor listed among the 1-49 creditors, it is unclear whether this individual or entity has a significant claim against the business. The liabilities of DIANAS HAIR SALON & SPA LLC also fall within the same range, indicating potential exposure to debt but unlikely substantial obligations. As a Lessors of Real Estate company, DIANAS HAIR SALON & SPA LLC's financial situation highlights the vulnerabilities often associated with this sector, where businesses may struggle to maintain profitability due to high overhead costs and competition. The bankruptcy filing signals that the company is facing significant financial difficulties and will need to restructure its operations or liquidate assets to proceed.

DIANAS HAIR SALON & SPA 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.