November 05, 2025
Just two years after opening in Manhattan's Hell's Kitchen neighborhood, Balcon Salon is facing a Chapter 11 restructuring after unexpected construction delays and softer sales it attributed to a downturn in alcohol consumption.
November 04, 2025
An RV fridge supplier entered bankruptcy with over $300 million in debt, a New York City gay bar was pushed into Chapter 11 by a foreclosure case, and a real estate investment trust began insolvency proceedings with more than $1 billion in debt and an equity swap agreement.
November 04, 2025
Balcon Salon, a gay bar in Manhattan's Hell's Kitchen neighborhood, received a New York bankruptcy judge's permission Tuesday to pay employee wages and taxes that accrued ahead of its Chapter 11 filing late last week.
November 03, 2025
A gay bar in Manhattan's Hell's Kitchen neighborhood entered bankruptcy in New York after its largest secured creditor sought to foreclose on it for a bit over $7 million, saying the lender has been unwilling to work out a settlement.