Poll for all John Anthony's Brides...

i dont know very confused

don't know confused!

every company is in debt, they have to be, no one makes pure profit..

The restaurants are not filing Chapter 11 nor are they in financial trouble.

yes, but vendors are not staff, they are independently owned partnerships with their own interests & concerns. If those vendors (especially DJ & Photo, etc) truly though that there was a problem, they would look for other halls to partner with (for bookings).


I agree that it is an unexpected and somewhat frightening thing to happen, but I think we all need to make our own decisions and do what we each feel is best.

If, in fact, the restaurants are OK & there were never intended to be included in the Newsay article in the first place, then these kinds of posts can do damage to their busness.

I'm staying. Worse comes to worse, I am sure I can find another place by December before I send teh invitations...

I felt very confident too. My FMIL's FBIL is a lawyer in Melville and he is very familiar with teh family. This is not teh first time they have done this. They are restructring to get rid of their debt and pay off what is owed more than getting our of debt by filing bancruptcy.

Real Estate, Restaurant Firms File for Bankruptcy Protection in New York
Port Dock Holdings Inc.—which owns the stock of Coco's Water Cafe in Huntington, N.Y., the Harbor Club at Tee T's Landing in Huntington and John Anthony's Water Cafe in Babylon, N.Y.—filed for chapter 11 on Friday in U.S. Bankruptcy Court in Central Islip, N.Y., according to Newsday.com. The restaurants did not file for bankruptcy and continue to operate, said the company's lawyer, Stuart I. Gordon of the Garden City law firm Shaw Licitra Esernio Schwartz & Pfluger.

Port Dock & Stone Corp., which owns the buildings that house the restaurants and other properties, also filed for chapter 11. The companies filed for protection because of heavy mortgage debts, which they anticipate restructuring through bankruptcy proceedings, Gordon said. Gordon said a 2002 State Supreme Court lawsuit against the company and other family members concerning ownership of the businesses also was a factor in the bankruptcy filings.



Bankruptcy for Albicocco Unit




By Alan J. Wax
STAFF WRITER

August 26, 2003



Less than a year after the death of Samuel Albicocco, the companies that own the real estate and restaurants of the Huntington businessman have filed for bankruptcy protection from their creditors.

Port Dock Holdings Inc., which owns the stock of Coco's Water Cafe in Huntington, the Harbor Club at Tee T's Landing in Huntington and John Anthony's Water Cafe in Babylon, filed for Chapter 11 on Friday in U.S. Bankruptcy Court in Central Islip.

The restaurants did not file for bankruptcy and continue to operate, said the company's lawyer, Stuart I. Gordon of the Garden City law firm Shaw Licitra Esernio Schwartz & Pfluger.

Port Dock & Stone Corp., which owns the buildings that house the restaurants and other properties, also filed for Chapter 11. The companies filed for protection because of heavy mortgage debts, which they anticipate restructuring through bankruptcy proceedings, Gordon said. Under Chapter 11, a business continues to operate while it develops a plan to repay creditors. 'Our business plan is to sell assets off to satisfy the debt,' Gordon said.

Neither Albicocco's daughter, Mary Rossini, who is listed as president of the companies, nor her husband, A. Rocco Rossini, who is a director, could be reached for comment.

'We had a tough season because of the weather,' Gordon said of the restaurants, which rent their buildings from the real estate company. The restaurants haven't generated enough income to cover the company's mortgage payments. The restaurants do not have written leases 'and pay what they can pay,' he said. 'They haven't been able to pay enough.'

Gordon said a 2002 State Supreme Court lawsuit against the company and other family members by one of Albicocco's sons, Oreste, of Big Fork, Mont., concerning ownership of the businesses also was a factor in the bankruptcy filings.

Albicocco, long one of Long Island's most influential businessmen, died in October at age 76.