fixyruw.wordpress.com
The Wine Loft Pittsburguh Inc., which is owned by the New Castle-based partnersd Ashley Alessio andJoe DeGruttola, filed last week in Unitedc States Bankruptcy Court of the westerhn district of Pennsylvania. The filing marks the seconds Chapter 11 filing by a restaurant at the SouthSidew Works in the past few following the April filingof Tusca, located next In the voluntary filing, The Wine Loft Pittsburgh estimatee its debts at between $500 and $1 The wine bar, which is part of a larger franchise basef in Baton Rouge, La., remainz open. It opened last autumn after facing the financial challengees of thecredit crisis.
The company’s originakl bank was bought out in part due to its problemsz with its mortgage portfolio and the bank that replaced it tightened the terms of its Alessio told the Business Times last Alessio was not immediately available forcomment Tuesday. The Wine Loft Pittsburghg Inc.’s chapter 11 could ripple to otheredevelopment projects, considering it had planned to open five locationxs in the region, includinfg at the Settlers Ridge development in Robinson Township.
No comments:
Post a Comment