'Mothballed' Bakery May Bake Again.
The venerable Koehler Bakery in Sherwood may be saved after facing bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most and all but closing during the past few months.
"We've been dealing, and we have signed a letter of intent with a company," company president Bob Koehler said last week.
The 80-year-old bakery at 5902 Warden WARDEN. A guardian; a keeper. This is the name given to various officers: as, the warden of the prison; the wardens of the port of Philadelphia; church wardens. Road is facing massive debt and numerous lawsuits from creditors and the state Employment Security Division for non-payment of unemployment taxes.
The staff has dwindled to a "mothball moth·ball
1. A marble-sized ball, originally of camphor but now of naphthalene, stored with clothes to repel moths.
a. " crew, Koehler said. The only part of the baking baking: see cooking.
Process of cooking by dry heat, especially in an oven. Baked products include bread, cookies, pies, and pastries. company that once shipped products to a multi-state region is the retail store, he said.
The buyer, whom Koehler declined to name, wants to close the deal by May 6, Koehler said.
"It would be a good deal, a lot of jobs," he said.