Bankruptcy, Closure and Sale Attempts
In 2002 Captain John's filed for bankruptcy, owing over $5 million to various creditors including $3 million to unsecured creditors. Letnik's bankruptcy proposal involved the repayment of all unsecured creditors owed $5000 or less and a repayment of no more than $30000 to all other unsecured creditors.
Read more about this topic: Captain John's Harbour Boat Restaurant
Famous quotes containing the words sale and/or attempts:
“I keep thinking that what I need
to do is buy my leg back.
Surely it is for sale somewhere,
poor broken tool, poor ornament.
It might be in a store somewhere beside a lady’s scarf.”
—Anne Sexton (1928–1974)
“Museums, museums, museums, object-lessons rigged out to illustrate the unsound theories of archaeologists, crazy attempts to co-ordinate and get into a fixed order that which has no fixed order and will not be co-ordinated! It is sickening! Why must all experience be systematized?... A museum is not a first-hand contact: it is an illustrated lecture. And what one wants is the actual vital touch.”
—D.H. (David Herbert)