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Edison needs bankruptcy protection, according to a declaration by Emma Price, the president, to obtain breathing room from creditors while it marshals assets to “either sell the company as a whole or sell off its inventory, raw materials and other assets.”
It lists business debts of $288,895, most of which are characterized as disputed, from Amex, Dedicated Commercial Recovery, IOU Financial, Lending Club Corp., M&T Bank, Marlin Capital Solutions and Quarter Spot Inc.
A new Yonkers sports facility filed for bankruptcy protection last month in a strategic move to buy the building that houses the gym. Then...
Former employee Jacob Alpert accused Beal of not paying his bonuses for two years.