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Zoots Loses Its Shirt: Files Chapter 7

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Privately-held Sort LLC (d/b/a Zoots) filed for Chapter 7 protection with the U.S. Bankruptcy Court in the District of Massachusetts, case number 18-1060. Zoots, a dry cleaning enterprise in business for 20 years, is located in Brockton, MA. It operated 18 store locations across central and eastern Massachusetts. The Company is represented in bankruptcy proceedings by Troy D. Morrison of Morrison & Associates, P.C.

Customers have been turned away without their garments since the filing and are being told by representatives for the Company that Zoots should have items returned within a week.

“Despite Zoots’ best efforts to continue operation, including entertaining offers from several potential buyers, the company was forced to file for protection under Chapter 7 of the Bankruptcy Code,”said Troy Morrison, an attorney representing Zoots. He went on to say, “A trustee was immediately appointed who will oversee finalizing of operations, including returning customers’ property and payments to employees and creditors.”

In documents filed with the Court, Zoots cites estimated assets at under $50,000, with liabilities estimated at $1 to $10 million. The U.S. Trustee assigned to the case scheduled a February 21, 2018 341-Meeting of Creditors; and March 29, 2018 is the final date by which interested parties must file proofs of claims.

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The post Zoots Loses Its Shirt: Files Chapter 7 appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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