Joel R. Glucksman
Partner
201-896-7095 jglucksman@sh-law.comFirm Insights
Oldest U.S. Cutlery Maker Files For Bankruptcy
Author: Joel R. Glucksman
Date: September 11, 2014
Key Contacts
Back
Lamson & Goodnow Manufacturing Co., the self-described oldest U.S. cutlery maker, has filed for protection under Chapter 11 of the bankruptcy law, according to Reuters.
The Shelburne Falls, Massachusetts-based manufacturer announced the move Aug. 15, citing decisions by prior management and the tightening of credit by secured lender Newtek Business Credit, according to the news source. It plans to sell its main factory to repay a loan of $1.07 million to the U.S. Small Business Administration, which holds a first mortgage on the property. With this move, it hopes to generate a positive cash flow as early as this November.
Lamson & Goodnow real estate agent Robert Cohn, of Cohn & Co., told Greenfield, Massachusetts-based publication The Recorder that the 18.3-acre factory complex is on the market for $2.1 million as of this week. The complex measures 59,000 square feet and includes seven buildings.
“We will sell all of it or part of it,” Cohn told the news source. “It’s a great opportunity for renewal of mixed use.”
The empty factory complex with locked doors and no sign of life observed by The Recorder in the late afternoon on Aug. 19 is far removed from the knife maker’s prime, when it opened its doors as one of the largest cutlers in the U.S. This was in 1837 – the same year that Queen Victory began her reign in the U.K. and Michigan became the 26th state of the U.S.
By 1869, it had showrooms in Boston, New York, Chicago and San Francisco, the news source reported. That same year, it presented a 62-piece set of fine table cutlery to President Ulysses S. Grant, which is now on display at the Smithsonian Institute.
If your business is facing bankruptcy feel free to contact me at Scarincihollenbeck.com.
- Practices: Bankruptcy & Creditors' Rights, Corporate Transactions & Business
- Locations: Red Bank, NJ, New York City, Little Falls, NJ
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
Why Compliance Monitoring Matters for NY and NJ Businesses
Compliance programs are no longer judged by how they look on paper, but by how they function in the real world. Compliance monitoring is the ongoing process of reviewing, testing, and evaluating whether policies, procedures, and controls are being followed—and whether they are actually working. What Is Compliance Monitoring? In today’s heightened regulatory environment, compliance […]
Author: Dan Brecher
When Are New Jersey Business Owners Personally Liable for Corporate Debt?
New Jersey personal guaranty liability is a critical issue for business owners who regularly sign contracts on behalf of their companies. A recent New Jersey Supreme Court decision provides valuable guidance on when a business owner can be held personally responsible for a company’s debt. Under the Court’s decision in Extech Building Materials, Inc. v. […]
Author: Charles H. Friedrich
Commercial Real Estate Trends to Watch in 2026
Commercial real estate trends in 2026 are being shaped by shifting economic conditions, technological innovation, and evolving tenant demands. As the market adjusts to changing interest rates, capital flows, and workplace models, investors, owners, tenants, and developers must understand how these trends are influencing opportunities and risk in the year ahead. Overall Outlook for Commercial […]
Author: Michael J. Willner
One Big Beautiful Bill: New Tip Income Tax Rules Employers & Workers Need to Know
Part 2 – Tips Excluded from Income Certain employees and independent contractors may be eligible to deduct tips from their income for tax years 2025 through 2028 under provisions included in the One Big Beautiful Bill. The deduction is capped at $25,000 per year and begins to phase out at $150,000 of modified adjusted gross […]
Author: Scott H. Novak
One Big Beautiful Bill: New Overtime Tax Rules Employers and Employees Need to Know
Part 1 – Overtime Pay and Income Tax Treatment Overview This Firm Insights post summarizes one provision of the “One Big Beautiful Bill” related to the tax treatment of overtime compensation and related employer wage reporting obligations. Overtime Pay and Employee Tax Treatment The Fair Labor Standards Act (FLSA) generally requires that overtime be paid […]
Author: Scott H. Novak
New York’s FAIR Business Practices Act: What the New Consumer Protection Measure Means for Your Business
In 2025, New York enacted one of the most consequential updates to its consumer protection framework in decades. The Fostering Affordability and Integrity through Reasonable Business Practices Act (FAIR Act) significantly expands the scope and strength of New York’s long-standing consumer protection statute, General Business Law § 349, and alters the compliance landscape for New York […]
Author: Dan Brecher
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.