News

Advanced Search

California's Romano's Jewelers Shutters Stores in Bankruptcy, Owes $58M

Aug 20, 2015 1:54 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
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.
Tags: bankruptcy, California, Rapaport News, Romano's
Similar Articles
Swiss WatchesUS Keeps Swiss Watch Exports Afloat
Feb 20, 2020
Swiss watch exports rose in January as demand in the US continued to increase, propelling the country past Hong
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.