Sam Ash Music Corporation

  1. September 05, 2024

    Healthcare Cos. Using Ch. 11 As Life Support In 2024

    Several healthcare companies, including ventilator maker Vyaire Medical Inc. and hospital operator Steward Health Care System, have filed for bankruptcy this year, citing issues like a post-pandemic revenue drop and ballooning expenses colliding with declining government reimbursements.

  2. August 23, 2024

    Retailers That Sunk Into The Red And Hit Ch. 11 In 2024

    Major retail companies including Express Inc., Conn's Inc., Avon Products, Sam Ash Music, and Rue21 have filed for bankruptcy this year, citing industry challenges stemming from the lasting impacts of the COVID-19 pandemic, rising interest rates and inflationary pressures.

  3. August 15, 2024

    Sam Ash Music Ch. 11 Plan Hits Right Notes For Judge

    A New Jersey bankruptcy judge agreed on Thursday to approve music retailer Sam Ash Music's Chapter 11 liquidation plan, overruling an objection from the U.S. Trustee's Office to the proposal's third-party releases.

  4. June 27, 2024

    Sam Ash Pushes Mexican Retailer Gonher As Winning Bidder

    Music store chain Sam Ash Music Corp. asked the New Jersey bankruptcy judge overseeing its Chapter 11 case to allow it to enter a $15.2 million asset purchase agreement with its winning bidder, Mexican retailer Gonher Music Center.

  5. June 05, 2024

    Sam Ash Approved For Ch. 11 Sale Process With Baseline Bid

    Bankrupt music store chain Sam Ash Music Corp. received approval Wednesday from a New Jersey bankruptcy judge for procedures governing its Chapter 11 asset sale process after negotiating concessions with its lenders, the official committee of unsecured creditors and the U.S. Trustee's Office.

  6. May 16, 2024

    Sam Ash's Century Striking The Right Note Hits Painful Coda

    The COVID-19 pandemic left Sam Ash Music Corp. with too much real estate and not enough time to adjust to shifting consumer behavior that led the well known century-old music retailer to seek shelter in bankruptcy, its CEO told Law360.

  7. May 14, 2024

    Meet The Attorneys In Sam Ash Music's Chapter 11

    A team of attorneys from Cole Schotz PC is representing 100-year-old music instrument retailer Sam Ash Music in its Chapter 11 case.

  8. May 13, 2024

    Giuliani Gag Suit, FTX To Pay Up, Victims Seek Sanctions

    Poll workers asked a bankruptcy court to bar Rudy Giuliani from making future defamatory statements like the ones that led to a $148 million judgment against him, while FTX said it plans to repay all customers in full in its proposed Chapter 11, and abuse claimants against the Roman Catholic Diocese of Syracuse are requesting sanctions for insurers that shared sensitive claims data.

  9. May 10, 2024

    Sam Ash Music Can Tap $20M DIP That Trustee Opposed

    Music store chain Sam Ash won a New Jersey bankruptcy court's blessing Friday to borrow $20 million in Chapter 11 financing, defeating an objection by the U.S. Trustee's Office to a mechanism that would let the funds be used to pay off existing debt held by the lender.