Original Sickles Market In Little Silver Files For Bankruptcy, Too

LITTLE SILVER, NJ — The original Sickles Market in Little Silver has now filed for bankruptcy, too.

As Patch reported two weeks ago, Bottles by Sickles, the family's Red Bank wine/liquor store, filed for Chapter 11 bankruptcy protection on April 23.

Now on May 9, the original Sickles Market at 1 Harrison Avenue in Little Silver also filed for bankruptcy protection.

Here is the May 9 bankruptcy filing for the food market.

They filed under the name AHS Realty.

Both bankruptcy filings were signed by owner Robert (Bob) Sickles. Sickles inherited the business from his family; the market had been in business for 116 years. All outposts of Sickles abruptly closed this winter.

Sickles said they owe an estimated $7.5 million to up to 49 creditors for their food market. At their wine/liquor store, they claimed $549,388 in total assets and said they owe $5.2 million in debt.

Sickles Market claims it owns $10.4 million in real property assets, which presumably includes the value of the Harrison Avenue building that housed the market. There is a $4.4 million claim against the property, from Northfield Bank of Rahway.

Since all Sickles locations closed, multiple produce companies have since sued Sickles, saying they are owed millions for unpaid food deliveries. Sickles has also been sued by liquor companies and local craft breweries for failing to pay for alcohol deliveries.

Two weeks ago: Sickles Liquor Store Files For Bankruptcy; Is $5.2 Million In Debt (April 30)

5th Lawsuit Filed Against Sickles Market From Unpaid Food Vendor (April 16)