As a result , creditors attempted to force Teitelbaum to step down as owner and replace him with Michael Catain .
National Record Mart filed for Chapter 11 bankruptcy in June 2001 after five record labels pushed for liquidation , claiming $19 million in owed revenue .
Creditors attempted to force Teitelbaum to step down as owner and replace him with Michael Catain .
National Record Mart filed for Chapter 11 bankruptcy in June 2001 after five record labels pushed for liquidation , claiming $19 million in owed revenue .