November 29, 2012
As mentioned yesterday, there has been activity on the BubbaJax/ChrisLaurita/SignatureApparel bankruptcy case. The Bankruptcy Judge assigned to this case, Judge Peck, has to be on top of his game to deal with all the delays, alleged fraud and total inaccuracies which have crossed his desk in re to this case.
After spending hours yesterday … and a few hours this morning… reviewing all the documents, in a nutshell, the Laurita Brothers are tryin’ their hardest to continue delaying the proceedings. The documents say that the Laurita’s lied about a license, which would have been one of the assets worth millions… and using that license continued to pillage the company.
NOTE: The “responsible party” mentioned in the documents is Anthony Labrosciano. Mr. Labrosciano put up $1.5 million back in August, 2010 to make sure that creditors were not being given preferential treatment…
The following excerpts are from a an eight page document which was filed November 26, 2012… if you are REALLY interested in reading more, the link to a 29-page document is included in the first paragraph above.
Depositions of all involved parties are not expected to conclude any time soon…
NOTE: There will be more re the Laurita/Signaure Apparel bankruptcy… WHAT A MESS!!!