RAPAPORT... Several Romano’s Jewelers locations across Southern California, including three in San Diego County, have recently closed or are in the process of shutting down, according to the business’ Chapter 7 bankruptcy trustee, according to a report by local television station KNSD.
The jewelry business has been dealing with bankruptcy issues for at least five years, and recently, it converted to a Chapter 7 case, David Seror, the Chapter 7 trustee for R.J. Financial’s, a company that owns some Romano’s Jewelers stores, told the station.
According to federal bankruptcy court documents, 79 entities have filed claims against R.J. Financial/Romano’s Jewelers. The total claim amount is nearly $58 million.
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