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The São Paulo Justice decreed the bankruptcy of the Love Story nightclub, a traditional nightclub in the center of São Paulo. The disco that has become an icon of bohemian paulistana It faced financial problems and the Covid-19 pandemic aggravated the situation of the establishment.
Known as “The House of All Houses”, Love Story declared bankruptcy in August 2018, when the club had a debt of around R $ 1.7 million. With the inability to function due to the covid-19 pandemic, Love Story did not comply with the recovery plan, which led to the bankruptcy decree.
The sentence was handed down last Tuesday (9) by Judge Marcelo Barbosa Sacramone, of the 2nd Court of Contests and Judicial Reorganization, of the TJSP (São Paulo Court of Justice).
In the decision, the magistrate highlighted the lack of prospects of resuming the activities of Love Story and stated that the club had already stopped paying creditors in 2019, which he considered “absolute neglect.
“The judicial administrator indicates that the documentation was not even presented. There is no presentation of information not even by the recovered, despite the various summons, “wrote Marcelo Sacramone.
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