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

Aug 20, 2015 1:54 AM   By Rapaport News
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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
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