Island Savoy, LLC, an Alameda, California-based community grocer, also known for its deli and cafe services, has commenced bankruptcy proceedings. Court records show an imbalance in its finances with liabilities exceeding the total assets. No specific reason has, however, been cited for the recent filing.
Note: A Chapter 11 bankruptcy filing is a legal process that allows a business to reorganize its debts, restructure obligations, and continue operating while working toward financial stability. Under Chapter 11, a debtor typically proposes a plan to repay creditors over time, subject to court approval. A Chapter 11 filing does not necessarily mean a business is closing or going out of business. For additional information, readers are encouraged to contact the business directly.
Island Savoy, LLC Files for Chapter 11
PACER records show that the company submitted its petition on September 11, 2026. The records classify it as a ‘small business debtor,’ adding that the company is proceeding with a Subchapter V filing.
Michael Stevens is the authorized representative who signed the petition before it was filed in the court. Attorney Marc Voisenat of the Law Office of Marc Voisenat is representing the company…