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Craig D. Robins, Esq. New York Bankruptcy Attorney, Longisland bankruptcy attorney

“ Craig D. Robins, Esq., has been a practicing Long Island bankruptcy attorney for over twenty-four years ”

Craig D. Robins, Esq.

Ramp Chevrolet / Hummer Files for Chapter 11 Bankruptcy

Posted on Friday (October 23, 2009) at 1:00 am to Chapter 11 Filings on Long Island

Long Island Chapter 11 Bankruptcy Case InformationWritten 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.
It was unclear what necessitated the Chapter 11 bankruptcy fililng because the debtor neglected to file all of its schedules and statements as required by the local bankruptcy rules.   However, as I’ve written in the past, as General Motors revamps itself under its own bankruptcy protection, effects are reverbarating around the country.  GM said over the summer that it was going to cut about 1,100 dealerships immediately and another 2,600 over the next 18 months.  See Chrysler Bankruptcy Will Lead to Many Long Island Personal Bankruptcy Filings  and Why Did Chrysler and GM File for Bankruptcy in New York?
Just a few weeks ago, another Long Island car dealer sought Chapter 11 bankruptcy relief:  Mazda Automobiles of Great Neck Files for Chapter 11 Bankruptcy Protection .
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.

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