(KTHV) — A bankruptcy judge in Utah forced an unwelcome RSVP for dozens of couples and party planners Thursday by ordering Noah's Event Venue to close its remaining reception halls, KTHV reports.
One of the company's locations is in New Albany.
At its height, Noah's Utah-based operating company had 42 event centers across the country, but expensive leases drove it into bankruptcy last May.
Since then, dozens of locations closed, often with little or no notice and with no way to speak to employees on the phone or in-person.
"The company hired a restructuring officer and he had a solid plan for reducing costs," said Kenneth Cannon, an attorney with Durham, Jones & Pinegar in Salt Lake City, Utah. "Traditionally, this time of year is some of the highest revenues when people are booking weddings, but the closings led to bad publicity and a really, really bad January instead."
At a hearing Thursday, Judge Joel Meeker heard those projections and told the operators the company could not go on.
Employees at the company had warning, but never shared that with deposit holders. That tracks with the hope they could get back in the black with a strong 2020. Instead, many customers found out by social media.
Cannon said there could be as many as 7,500 people stiffed by Noah's.
"Unfortunately, this case will probably move from bankruptcy court to a total liquidation," Cannon said. "There's just not going to be any money left."