Sunday, June 13, 2010

CBGB company files for bankruptcy protection


I missed this news from Friday evening ... The Wall Street Journal has the story:

CBGB Holdings LLC, which two years ago purchased the name and copyrights associated with Manhattan’s legendary punk-rock club CBGB, filed for Chapter 11 bankruptcy protection Friday.

The company, reported assets and debts each in the range of $1 million to $10 million in its bankruptcy petition, filed with the U.S. Bankruptcy Court in Manhattan.

CBGB Holdings’ founding partners, James Blueweiss and Robert Williams, as well as the company’s bankruptcy attorney, weren’t immediately available for comment. The company didn’t say in court papers why it filed for bankruptcy protection.


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3 comments:

  1. NYCDreaminJune 13, 2010 at 12:52 PM

    This is too bad, really. Wonder what will become of it all?

    ReplyDelete
  2. EV GrieveJune 13, 2010 at 1:29 PM

    Good question, NYCD... nothings seems easy anymore for the CBGB family...

    ReplyDelete
  3. kseJune 14, 2010 at 11:34 PM

    it's chapter 11, so the company will still be around after the bankruptcy is over-- weren't they starting a restaurant in vegas or something? Hopefully they'll get better management before then...

    ReplyDelete

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