Restaurateur Scott Wise and Wife File for Personal Bankruptcy Protection Following Scotty’s Brewhouse Failure in Indiana
Local restaurateur Scott Wise and his wife, Amy Wise, have filed for personal bankruptcy protection as they grapple with financial issues stemming from the failure of the Scotty’s Brewhouse restaurant chain. The couple filed for bankruptcy in U.S. Bankruptcy Court for the Southern District of Indiana, citing assets of $956,800 and liabilities of $3.44 million. This marks the second time in three years that the Wises have filed for bankruptcy, indicating the ongoing challenges they face. As Scott Wise and his wife navigate this difficult period, individuals in Fort Wayne, Indiana, facing similar circumstances can turn to USAttorneys.com to find competent bankruptcy law attorneys who can provide essential guidance and support during challenging times.
Restaurateur Scott Wise and Wife Seek Bankruptcy Protection
Scott Wise, the founder and former owner of Scotty’s Brewhouse, and his wife, Amy Wise, have filed for personal bankruptcy protection. The couple filed the bankruptcy petition in the U.S. Bankruptcy Court for the Southern District of Indiana, disclosing assets totaling $956,800 and liabilities amounting to $3.44 million. This is the second time in three years that the Wises have resorted to bankruptcy filings, highlighting the ongoing financial struggles they face due to the failure of the Scotty’s Brewhouse restaurant chain.
Scotty’s Brewhouse and Financial Challenges
Scotty’s Brewhouse, a popular restaurant chain founded by Scott Wise in 1996, once boasted 17 locations across Indiana. In 2016, Wise sold the company to Due North Holdings LLC and Sase Kosan K.K. for approximately $10 million. However, in December 2018, Scotty’s Holdings LLC, the entity that operated the chain, filed for Chapter 11 bankruptcy protection, resulting in the closure of all Scotty’s Brewhouse locations. As part of the bankruptcy proceedings, the Wises, who had personally guaranteed the leases for some of the Scotty’s locations, faced significant financial challenges.
Seeking Competent Bankruptcy Law Attorneys in Fort Wayne, Indiana
Individuals in Fort Wayne, Indiana, facing bankruptcy proceedings can benefit from the expertise of competent bankruptcy law attorneys. USAttorneys.com serves as the preferred platform for finding the most reliable and competent Fort Wayne, Indiana bankruptcy law attorneys. With a comprehensive directory of experienced lawyers, the platform enables individuals to secure trustworthy legal representation during challenging times. These skilled attorneys specialize in bankruptcy law and can provide crucial guidance to protect individuals’ interests and navigate the complexities of the bankruptcy process.
The personal bankruptcy filing by Scott Wise, founder of Scotty’s Brewhouse, and his wife highlights the financial challenges they face following the chain’s failure. As the couple seeks bankruptcy protection, individuals in Fort Wayne, Indiana, grappling with similar circumstances can turn to USAttorneys.com for assistance. The platform provides access to competent bankruptcy law attorneys who can offer guidance and support throughout the bankruptcy process. If you require a Fort Wayne, Indiana bankruptcy law attorney, visit USAttorneys.com to find a trusted legal advocate to safeguard your rights and support your journey towards financial recovery.