Crenshaw Hall sought bankruptcy protection

Posted on Wednesday, May 21st, 2014 at 4:43 pm    

Crenshaw Hall, an events venue based in Wake Forest, recently filed for Chapter 11 bankruptcy, an article by the Triangle Business Journal stated on May 12.

Reports said the bankruptcy documents were filed on May 5 to prevent their property from undergoing the foreclosure proceedings filed by one of their largest creditors. Bankruptcy papers showed that Crenshaw Hall Properties LLC had an unsettled bank loan worth $825,000, at least $14,620 worth of unsettled property taxes and other unsettled debts from law firms. The events facility owner John Bennett III also sought bankruptcy protection for the business in 2010. In their website, Crenshaw Hall stated that they no longer accommodate event reservations.

The lawyers at Bradford Law Offices, PLLC understand that in Raleigh alone, many business owners are plagued by overwhelming debt. Our lawyers may be able to give you other legal solutions, so you can focus more on your business. Find out how we may help you today by calling (919) 758-8879.