Crain’s New York Business is reporting that Props for Today is expected to file for Chapter 11 bankruptcy protection in the next week or so. The 28-year-old prop house supplies furnishings for productions like 30 Rock and Saturday Night Live. The impending bankruptcy was disclosed in a bankruptcy filing by Props for Today’s parent company, Interieurs Inc, on Tuesday. Another of Interieurs’ companies, Props for Yesterday, is also expected to file for bankruptcy protection soon. The companies’ owner cites the decrease of filmmaking and television in New York, escalated by the loss of the state tax incentives. The company hopes after Chapter 11 to emerge as a healthy company.
Big NYC Prop House Files Chapter 11
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