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
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