Tuesday, December 6, 2022
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Trustee sues creditors for $11.1M in JPR Mechanical bankruptcy

J.P.R. declared nearly $23 million in liabilities when it filed for bankruptcy in 2019. Since then, 229 claims have been filed for more than $335 million.

Nine companies sue to stop JPR Mechanical owner from dodging $9M...

The complaints include accusations that Schmidt diverted trust fund monies, disregarded his fiduciary duty, committed fraud, failed to preserve financial records, made false representations and committed embezzlement and larceny.

JPR Mechanical of New Rochelle files for Chapter 7

Three lawsuits filed this week in Westchester Supreme Court suggest that JPR has been short of cash for a while.