Written by Craig D. Robins, Esq.
Port Jefferson Automobile Dealership Seeks Chapter 11 Bankruptcy Protection
Ramp Chevrolet, Inc., a Long Island Chevrolet and Hummer automobile dealer that was established in 1944, filed for Chapter 11 bankruptcy relief on October 5, 2009 in the Central Islip Bankruptcy Court under case number 8-09-77513. Judge Robert E. Grossman was assigned to the case as bankruptcy judge.
The dealership, which is located at 1395 Route 112 in Port Jefferson, is being represented by Eric J. Snyder, Esq. of the New York City bankruptcy law firm of Siller Wilk, LLP.
The Chapter 11 debtor’s president is Charles Rampone, Jr.
The debtor owes GMAC $587,201 and also owes the New York State Department of Taxation $2,082,386 in secured debt and $425,993 in priority debt. The petition also listed 144 unsecured creditors, although there were no amounts listed for each of these creditors in the initial schedules that the debtor filed.
The debtor has already negotiated a cash collateral stipulationwith the secured creditor, which was approved by the bankruptcy court, and has also received bankruptcy court permission to pay pre-petition wages.
The debtor filed a bare-bones bankruptcy petition and was required to file all remaining bankruptcy schedules by October 20, 2009, but failed to do so on time.
The debtor brought an order to show cause to use cash collateral and pay pre-petition wages, and an interim order authorizing cash collateral was granted.
The Meeting of creditors will be held on November 6, 2009 at the United States Bankruptcy Court for the Eastern District of New York in Central Islip (Room 563 at 11:00 a.m.). A Status conference has been scheduled before Judge Grossman for November 9, 2009 at 1:30 p.m. in Courtroom 860.
This post is one of a series of posts available on the Long Island Bankruptcy Blog detailing every Chapter 11 bankruptcy case filed in the Central Islip Bankruptcy Court since August 1, 2009. I will typically post a summary of each Chapter 11 case several days or weeks after it is filed as not all info is available immediately upon filing. To see a list of Chapter 11 cases profiled on this blog, click Chapter 11 Filings on Long Island  or type the name of the debtor in the upper right search box.