Thursday, January 25, 2018

Zoots files for bankruptcy

Zoots Dry Cleaners in Cambridge on Saturday, January 20 2018. Staff Photo by Patrick WhittemoreFormer employees at the bankrupt dry-cleaning chain Zoots spent the weekend getting clothes back to customers on their own time — then learned yesterday their final direct-deposit checks had been reversed because there were no funds to cover them.

Zoots filed for bankruptcy saying the company didn’t have the cash to continue operating. Zoots, which has 18 locations across the state, said in court filings it has less than $50,000 in assets and more than $10 million in liabilities.. . . more

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