Trustee For Bankrupt Ad Agency Sues Zimmer Radio To Recover Payments Made For Ads
March 17, 2016 at 4:10 PM (PT)
The trustee for bankrupt ad agency/marketing and communications firm STAR GROUP COMMUNICATIONS, INC., THOMAS J. SUBRANNI, is suing ZIMMER RADIO AND MARKETING GROUP in U.S. Bankruptcy Court in NEW JERSEY to recover payments made to ZIMMER for advertising on four COLUMBIA, MO stations in the 90 days prior to being forced into Chapter 7 bankruptcy, with said payments totaling $18,130.50.
After VOORHEES, NJ-based STAR GROUP abruptly closed up shop on JULY 1st, 2015, creditors of the company filed an involuntary Chapter 7 petition against it on AUGUST 17th, 2005 and the court entered judgment on SEPTEMBER 14th nunc pro tunc to SEPTEMBER 10th; the trustee was appointed on SEPTEMBER 17th. The payments were made on JUNE 9th and 23rd for advertising on Country KATI (94.3 KAT COUNTRY) (total $3,510.50), Country KCLR-F (CLEAR 99) ($6,859.50), Classic Rock KCMQ ($4,267), and News-Talk KSSZ (THE EAGLE 93.9)/COLUMBIA, MO ($3,493.50). Payments within 90 days of a bankruptcy filing can be considered made while a company is insolvent and therefore recoverable by the bankruptcy trustee.