Formica Bros., an iconic institution known for baking “Atlantic City bread,” would have celebrated its 100th year in business this year.

In April, Formica said the bankruptcy was necessary because of a difficult business climate and because of two lawsuits related to on-the-job injuries that resulted in amputations for two workers, who also received workman’s compensation settlements.

The lawsuits also caused him to drop out of the Republican primary in this year’s Assembly race, Formica has said.

At the creditors meeting earlier this month, Thomas asked whether McKenna is offering anything in exchange for the company’s good name, and Formica said he is being paid $500 a week as a consultant.

McKenna could not be reached for comment.

Several older vehicles were sold to a different party for a total of $4,500, Formica said. He said the value of the bread making equipment was about $62,000, but it would be difficult to get that much at auction.

That equipment is also subject to liens, Formica said, although it was unclear whether McKenna will make any payment to creditors in exchange.

Formica also said he could not provide gross revenue figures for the businesses, and that he had no employees making more than $100,000 a year other than himself. He took disbursements rather than salary, he said.