Encore Studio Bankuptcy Case Enters next Phase

October 20, 2011 By 4 Comments

By Paul Pannone

eWedNewz has uncovered new information involving the sudden closure of Encore Studios favoring creditors. In what’s being called a State Court Insolvency for the Benefit of Creditors case, an assistant for the law firm of Rabinowitz, Lubetkin & Tully told eWedNewz this is not a bankruptcy case.

eWedNewz has learned the Encore case resembles a Chapter 7 Bankruptcy case– but isn’t.

 

 According to the firm’s website:

On September 27, 2011, Jay L. Lubetkin, Esq. was appointed as the Assignee for the Benefit of Creditors for Encore Studios. Since 1979, Encore Studios, located in Clifton, New Jersey, has operated as a commercial printer and designer specializing in wedding invitations and other custom print jobs.

Our questions regarding the benefit of consumers to an assistant for the firm were vague and at times allusive. The assistant that did not wish to be identified, told eWedNewz she could not comment further but will pass along our message requesting further information on how consumers will be compensated to one of the firm’s partners.

 

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2011

Filed Under: eWedNewz, General News, Invitations, Uncategorized, wedding industry Tagged With: , , , ,
  • Anonymous

    I have to question how far down the list are the numerous brides that lost money by choosing Encore Invitations? What do you want to bet that by the time they get to the brides (the REAL consumers) the money has run out.

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  • http://www.invitesite.com/ Helen Driscoll

    Were all the retailers on terms with Encore? Didn’t the brides pay the retailers? Were customers who bought direct through weddinginvitations.com compensated? They would have paid Encore directly. I would think that the brides put down deposits with the retailers, and paid the balance upon delivery. The retailers would have mostly likely been on net 30 or net 60 terms with Encore.

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