Experts predict more filings under the Small Business Reorganization Act as the pandemic unfolds, as MiBiz reported this week. Bankruptcy Code, which was passed by Congress last year to make it easier for small businesses to emerge from bankruptcy. The separate cases are filed under Subchapter V of the U.S. Bankruptcy Court in the Western District of Michigan. It’s the third set of bankruptcies associated with Sellers filed within the past five months as his current and former restaurants and bars accumulated debt following the pandemic-related shutdowns.Īuthentiki LLC and its wholly owned subsidiary MSSH LLC each filed for Chapter 11 bankruptcy protection on Oct. GRAND RAPIDS - The operators of Max’s South Seas Hideaway - a downtown Grand Rapids tiki bar owned by former BarFly Ventures LLC President Mark Sellers III - have filed for Chapter 11 bankruptcy. The story has also been clarified to show assets and liabilities of both Authentiki LLC and MSSH LLC. Editor’s note: This story has been updated with comments from Max’s South Seas Hideaway owner Mark Sellers III.
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