Hi everyone - has anyone had a similar issue? In September 2017, my fiancé and I put a 20% downpayment at our venue. We selected JG Domestic/Cira Centre, which is part of the Garces Group, in Philadelphia. Our wedding date is July of 2019, so as of the time I write this, about 14 months away.
Last week, we hear on the news that Garces has filed for Chapter 11 bankruptcy. My fiancé and my mom both were trying to do damage control before I found out. My fiancé spoke to the venue and they basically said it's restructuring and our wedding will be fine. My parents, who are generously supposed to pay for the remaining cost of the wedding, are really unhappy with the idea of giving this venue any money now.
Side note - yeah, nobody from Garces reached out to us. We had to contact them.
If our wedding was this summer, I wouldn't be worried. But we have over a year left. I need to find time to have me, my mom, and my fiancé speak with the venue again. There's no clause in the contract discussing bankruptcy.
Have any of you been in a similar situation?