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Started By
Message
McGlinchey files for Chapter 7
Posted on 2/21/26 at 11:25 am
Posted on 2/21/26 at 11:25 am
quote:
Six weeks after announcing it was shutting down after more than 50 years in business, McGlinchey Stafford has filed for bankruptcy, hastening the demise of a firm that was once among the state’s most prominent and high profile. The filing on Thursday in U.S. Bankruptcy Court for the Eastern District of Louisiana is a Chapter 7 filing, meaning the firm is liquidating its remaining assets to satisfy creditors, not a Chapter 11 filing, which allows a debtor to stay in business while coming up with a plan to pay off debt.
4
Posted on 2/21/26 at 11:27 am to arseinclarse
The class action game passed them by
Posted on 2/21/26 at 11:27 am to arseinclarse
This probably matters to someone, but for the life of me I can't think of who it would be
Posted on 2/21/26 at 11:31 am to arseinclarse
Damn the daughter rekt them.
The partners should have given her a blank check to not walk off with the Rolodex. Maybe they can learn to code or sweat pipe
The partners should have given her a blank check to not walk off with the Rolodex. Maybe they can learn to code or sweat pipe
Posted on 2/21/26 at 11:32 am to Thib-a-doe Tiger
quote:
This probably matters to someone, but for the life of me I can't think of who it would be
their various landlords, for one. I read they have long-term leases on fifteen offices Posted on 2/21/26 at 11:34 am to boosiebadazz
quote:sounds like they could use a good bankruptcy attorney
read they have long-term leases on fifteen offices
Posted on 2/21/26 at 11:35 am to boosiebadazz
quote:
their various landlords, for one. I read they have long-term leases on fifteen offices
I meant here. Nobody outside of the lawyer circle jerk here GAF
Posted on 2/21/26 at 11:37 am to Thib-a-doe Tiger
quote:you’ve made a quarter of the post in this thread, so apparently it’s got your attention
I meant here. Nobody outside of the lawyer circle jerk here GAF
Posted on 2/21/26 at 11:38 am to SuperSaint
quote:
Damn the daughter rekt them.
Pics?
Posted on 2/21/26 at 11:51 am to Cosmo
quote:
Pics?
I’ve done much worse
Posted on 2/21/26 at 11:56 am to SuperSaint
So what's the story? She went out on her own?
Posted on 2/21/26 at 11:57 am to boosiebadazz
quote:
their various landlords, for one. I read they have long-term leases on fifteen offices
They just redid their BR office.
Posted on 2/21/26 at 11:58 am to arseinclarse
It’s all about relationships. This is why the rainmakers get paid the most and can absolutely wreck a firm if they leave. No customers. No money.
Same with insurance, engineering firms, and a ton of others that rely on personal customer relationships.
Same with insurance, engineering firms, and a ton of others that rely on personal customer relationships.
This post was edited on 2/21/26 at 12:03 pm
Posted on 2/21/26 at 12:03 pm to Thib-a-doe Tiger
quote:
quote:
their various landlords, for one. I read they have long-term leases on fifteen offices
I meant here. Nobody outside of the lawyer circle jerk here GAF
If you do not think Chapter 7s of a large business matters, particularly if a few cascade into may, then you do not understand how the economy works. I can only assume you just got your advance refund from Jackson Hewitt, supersized your McDonald's meal and think you are doing just fine.
This post was edited on 2/21/26 at 12:06 pm
Posted on 2/21/26 at 12:05 pm to Cell of Awareness
quote:
If you do not think Chapter 7s of a large business matters, particularly if a few cascade into may, then you do not understand how the economy works
Its a law firm baw.
Posted on 2/21/26 at 12:07 pm to Cosmo
quote:
Its a law firm baw.
15 differemt locations now have empty office space for which they will not get paid.
A few of the offices just had massive renovations That is unpaid contractors who may not be able to survice without those receivables.
Posted on 2/21/26 at 12:15 pm to Thib-a-doe Tiger
quote:
This probably matters to someone, but for the life of me I can't think of who it would be
For somebody that doesn’t care about lawyers or their business, you sure post in a lot of threads about them.
Posted on 2/21/26 at 12:19 pm to Cell of Awareness
Most contractors aren’t stupid. I’d bet most hear attorney or doctor and immediately request payment upfront and add an additional fee for potential headaches.
Posted on 2/21/26 at 12:20 pm to Thib-a-doe Tiger
Other lawyers. We're people too.
Posted on 2/21/26 at 12:29 pm to Thib-a-doe Tiger
quote:
lawyer
Not in my small town
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