Filing Alert: The Stephan Chapter 11

The Stephan Co., a St. Petersburg, FL-based distributor and manufacturer of barber, beauty and other personal-care products, filed for Chapter 11 protection on Nov. 26 in the U.S. Bankruptcy Court for the Middle District of Florida.

The company reports $10 million to $50 million in assets and $50 million to $100 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-08937.

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Key Parties

Counsel:

• Patricia A. Redmond
  Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A.
  Email: predmond@stearnsweaver.com

General Bankruptcy Counsel:

• Verrill Dana LLP

Financial Advisor:

• Getzler Henrich

Signatories:

• Henry Jacobi – Chief Executive Officer

Equity Security Holders:

• Jad Fakhry – 37% Equity Interest
• Brian Harper – 13% Equity Interest
• Joel A Getz – 1% Equity Interest
• Other Minority Holders – 49% Equity Interest