01.29.25
MS&B Confirms Chapter 11 Reorganization for Bakery Chain
MS&B has helped another client navigate a successful Chapter 11 reorganization! Our team guided an artisan bakery chain through restructuring $7M in debt while keeping the doors open at all 10 locations in NJ and Manhattan.
The best part? We helped save over 130 jobs in the process. Huge kudos to Sari B. Placona and Anthony Sodono, III for their hard work and dedication in securing post-petition financing and navigating complex creditor negotiations.
This reorganization ensures the bakery will continue serving its loyal customers for years to come. Talk about a sweet victory!