The American Safety Razor Company, one of the world’s largest shaving razor manufacturers, is considering filing for bankruptcy protection and selling to the Swiss bank UBS AG, its primary lender.  American Safety Razor Co is giving their lenders and creditors until the end of the month to make them a better offer.

In 2006, the European private equity fund, Lion Capital bought American Safety Razor Co for $625 million from the Boston-based fund J.W. Childs Associates.

American Safety Razor Co began facing financial trouble after losing their contract with Wal-Mart Stores Inc. earlier this year.

If you or someone you know is considering filing for bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346 to learn more about your rights.

The Boston theater studio, Riverside Theater Works, filed for Chapter 11 bankruptcy earlier this month.  Chapter 11 bankruptcy allows for a business to continue operating under the supervision and authority of a court while reorganizing the company and paying off debts.

Marietta Phinney, who founded Riverside 30 years ago, will meet with the court next week to determine what needs to be done to save the theater.

The theater is a non-profit and trains children from age four to adults in dance, vocal performance, and acting.  Riverside has trained over 300 youths in the past year alone, and will continue to offer this summer’s theater camp.  Phinney and Riverside used to receive $50,000 a year from the state’s Office of Travel and Tourism, but the governor vetoed these funds about two years ago.

If you or someone you know is considering filing for Chapter 11 bankruptcy, contact the Boston Chapter 11 bankruptcy lawyers of Joshua Spirn & Associates at 800-975-5346 to learn more about your rights.

The Somerville, Massachusetts based data-center company, 2N+1, recently filed for Chapter 11 bankruptcy.  Chapter 11 bankruptcy allows for a company to continue operating under the supervision and authority of a court while they work on reorganizing the business.

On June 4th, 2N+1 listed less than one million dollars in assets, and between $1 million and $10 million in liabilities.  One of its largest creditors is another Massachusetts business, Virgil Electric Co., to which 2N+1 owes $311,000.

Other creditors include, Paul Lohnes, Farina Corp., Henry F. Owens Inc., and Level 3 Communications Inc.

2N+1’s bankruptcy comes a surprise as the high demand of IT services has made data-center bankruptcy filing a rarity over the past few years.

If you or someone you know is considering filing for Chapter 11 bankruptcy, contact the Boston Chapter 11 bankruptcy lawyers of Joshua Spirn & Associates at 800-975-5346 to learn more about your rights.