NewsPatrick Collins spoke with Newsday on the recent update on Hicksville-based musical instrument chain, Sam Ash Music’s bankruptcy filing.
Sam Ash’s court filing shows it defaulted on a loan agreement with Tiger Finance for $18 million by not meeting deadlines for “showing progress toward a sale of the business or refinancing,” said bankruptcy attorney Patrick Collins, a partner at Uniondale law firm Farrell Fritz PC who is not involved in the Sam Ash bankruptcy.
Read the article here:
Sam Ash Music’s assets to fetch $15.2M from Mexican buyer, which is not keeping stores – Newsday
