All Love Catering opened in 2011. (Courtesy All Love Catering)
As weddings and events have scaled back or come to a halt in the wake of the coronavirus, the catering industry has followed suit.
Denver-based All Love Catering, which served weddings, corporate functions and other events since 2011, filed for Chapter 7 bankruptcy last week. The company said it owes $186,060 to between 50 and 99 creditors, and has assets worth $33,540.
Chapter 7 bankruptcies are typically a liquidation process, where a trustee is appointed to oversee a selloff of the debtor’s assets.
All Love is led by CEO Cole Crocker, who co-owns the business with Jenn Masak and Elliot Darling. The company, which declined to comment, had catered over 1,000 events and had 80 employees, according to its website.
In its filing, All Love Catering said it had revenue of $885,000 in 2019. As of the July 8 filing date, the company’s 2020 revenue was $151,000.
“COVID-19 has absolutely destroyed the events industry and we ask that through this crisis please be kind to all the vendors who are having trouble,” company leadership wrote in a July 2 Facebook post. “Everyone is struggling to maintain and keep business moving forward in this tough time. Clients will be unfortunately receiving a bankruptcy notification through the mail within the next week or so which was unavoidable.”
Cory Curtis with Curtis Law Firm is representing All Love in the company’s bankruptcy proceedings.
A recent survey by the National Association of Catering Executives found that close to 80 percent of its catering members faced layoffs, pay reduction and other difficulties as a result of the pandemic, according to the Baltimore Sun.
All Love Catering opened in 2011. (Courtesy All Love Catering)
As weddings and events have scaled back or come to a halt in the wake of the coronavirus, the catering industry has followed suit.
Denver-based All Love Catering, which served weddings, corporate functions and other events since 2011, filed for Chapter 7 bankruptcy last week. The company said it owes $186,060 to between 50 and 99 creditors, and has assets worth $33,540.
Chapter 7 bankruptcies are typically a liquidation process, where a trustee is appointed to oversee a selloff of the debtor’s assets.
All Love is led by CEO Cole Crocker, who co-owns the business with Jenn Masak and Elliot Darling. The company, which declined to comment, had catered over 1,000 events and had 80 employees, according to its website.
In its filing, All Love Catering said it had revenue of $885,000 in 2019. As of the July 8 filing date, the company’s 2020 revenue was $151,000.
“COVID-19 has absolutely destroyed the events industry and we ask that through this crisis please be kind to all the vendors who are having trouble,” company leadership wrote in a July 2 Facebook post. “Everyone is struggling to maintain and keep business moving forward in this tough time. Clients will be unfortunately receiving a bankruptcy notification through the mail within the next week or so which was unavoidable.”
Cory Curtis with Curtis Law Firm is representing All Love in the company’s bankruptcy proceedings.
A recent survey by the National Association of Catering Executives found that close to 80 percent of its catering members faced layoffs, pay reduction and other difficulties as a result of the pandemic, according to the Baltimore Sun.
Aren’t there lots of businesses filing for bankruptcy protection all over the Denver metro right now? How is this story about a small “catering firm” news at all? Given that you obviously didn’t have any information other than what was gleaned from public records, this feels more like a hit piece done on an unfortunate small business out of spite, rather than an actual news item.
Not sure what Ms. Carter is talking about. If your an ex employee, we’re truly sorry you’ve lost your job. Business Den is filled w several businesses gone under PERMANENTLY due to Covid. Past present & future. This direct quote from All Love Catering’s corporate team. “COVID-19 has absolutely destroyed the events industry and we ask that through this crisis please be kind to all the vendors who are having trouble.” That doesn’t sound like a hit piece. The hit was done by Rd.One of Corona Virus, to All Love & the close to 100 other Colorado businesses.