A bankruptcy judge in Utah compelled an unwelcome RSVP for dozens of couples and celebration planners Thursday by ordering Noah’s Occasion Venue to shut its remaining reception halls, KTHV reports. One of many firm’s places is in New Albany. At its top, Noah’s Utah-based working firm had 42 occasion facilities throughout the nation; however, costly leases drove it out of business last May.
Since then, dozens of areas closed, usually with little or no discover and with no strategy to converse to workers on the phone or in-particular person. “The corporate employed a restructuring officer, and he had a stable plan for lowering prices,” stated Kenneth Cannon, a lawyer with Durham, Jones & Pinegar in Salt Lake Metropolis, Utah. “Historically, this time of year is among the highest revenues when individuals are reserving weddings; however, the closings led to dangerous publicity and an extremely, actually dangerous January as a substitute.”
At a listening to Thursday, Judge Joel Meeker heard these projections and instructed the operators the corporate couldn’t go on. Staff on the firm had warning, however, by no means shared that with deposit holders. That tracks with the hope they may get again within the black with a powerful 2020. As a substitute, many purchasers discovered by social media.
Cannon stated there might be as many as 7,500 individuals stiffed by Noah’s. “Sadly, this case will most likely transfer from chapter court docket to a complete liquidation,” Cannon mentioned. “There’s simply not going to be any money left.”