Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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December 29, 2007

Harvey Electronics, Inc. files for chapter 11

Harvey Electronics, Inc. filed for chapter 11 bankruptcy yesterday at the United States Bankruptcy Court for the Southern District of New York.  Harvey is a retailer and servicer of audio, video and home theater equipment in the New York metropolitan area.  On its reorganization petition, the debtor listed total assets of over $9.9 million and total debts of almost $10.4 million.  Additionally, the petition indicates that there are 990 thousand shares of common stock outstanding.

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