This week in bankruptcy Alternate Route Fitness and Crabcake Factory USA – Baltimore Business Journal – The Business Journals

Baltimore-area bankruptcy courts recorded three business filings during the week that ended Oct. 23. Year-to-date through Oct. 23, the court recorded 50 Chapter 7 or Chapter 11 business bankruptcy filings, a 11% decrease from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure its creditor obligations with the goal to remain a going concern.
Alternate Routes Fitness LLC filed for voluntary Chapter 7 bankruptcy protection Oct. 15, in the District of Maryland. The debtor listed an address of 719 Woodsyde Cir., Bel Air, and is represented in court by attorney Sonila Isak Wintz. Alternate Routes Fitness listed assets up to $21,150 and debts up to $759,242. The filing’s largest creditor was listed as Kaleco with an outstanding claim of $400,000.
The fitness center, located in White Marsh, closed for good on July 31, according to a post to its Facebook page.
Satellite Restaurants Inc. Crabcake Factory USA filed for voluntary Chapter 11 bankruptcy protection Oct. 14, in the District of Maryland. Represented in court by attorney Paul Sweeney, the debtor listed an address of 12000 Coastal Hwy., Ocean City. Satellite Restaurants Crabcake Factory USA listed assets ranging from $50,001 to $100,000 and debts ranging from $100,001 to $500,000. The filing did not identify a largest creditor.
Although it filed for bankruptcy, the longtime Ocean City restaurant posted to its Facebook page that it is not closing and will remain open for business.
Bolton Hill Investments LLC filed for voluntary Chapter 7 bankruptcy protection Oct. 14, in the District of Maryland. The debtor listed an address of 211 E. Lombard St., Baltimore, and is represented in court by attorney Seth W. Diamond. Bolton Hill Investments listed assets ranging from $500,001 to $1,000,000 and debts ranging from $0 to $50,000. The filing did not identify a largest creditor.
This story was generated by Automated Insights using public records collected by American City Business Journals.
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