• Political Concepts, LLC, doing business as Joe’s on Juniper: The company filed for Chapter 11, lists 1-49 creditors (the lowest check box offered on the form), and estimates that there will be funds available for unsecured creditors to be repaid. Signed by managing member Jeffrey R. Landau, the petition lists gross income for $2,985,857 in 2011, which rose slightly to $3,063,477 in 2012.  The company cites total assets of $147,599.35 and total liabilities of $2,418,456.98.
 
Political Concepts also discloses that it faces a list of garnishment suits and lists among its largest  creditors $40,000 owed to Sysco Food Services, $62,000 owed to the related Metrotainment Bakery, $100,000 owed to the IRS and nearly $2.15 million owed to Miller Capital Ventures LLC (the amount owed jointly by all of the companies).  

• Peach State Restaurants, LLC, doing business as Einstein’s: The company filed for Chapter 11, lists 1-49 creditors (the lowest check box offered on the form), and estimates that there will be funds available for unsecured creditors to be repaid. Signed by managing member Jeffrey R. Landau, the petition lists gross income for $3,056,671 in 2011, which rose to $3,199,500 in 2012.  

Peach State also discloses that it faces a list of garnishment suits and lists among its largest  creditors $7.755 million to Fidelity Bank, $100,000 to the IRS,  $50,000 owed to Sysco Food Services and nearly $2.15 million owed to Miller Capital Ventures LLC (the amount owed jointly by all of the companies). The company cites total assets of $505,873.12 and total liabilities of $10,161,362.37.

• Mystical Pizza, LLC, doing business as Metrotainment Bakery and Sugar Shack: The company filed for Chapter 11, lists 1-49 creditors (the lowest check box offered on the form), and estimates that there will be funds available for unsecured creditors to be repaid. Signed by managing member Jeffrey R. Landau, the petition lists gross income for $948,101 in 2011, which dropped to $808,560 in 2012.

Mystical Pizza also discloses that it faces a list of garnishment suits and lists among its largest  creditors $25,000 owed to Sysco Food Services, $75,000 owed to the IRS and nearly $2.15 million owed to Miller Capital Ventures LLC. The company cites total assets of $101,687.93 and total liabilities of $2,284,832.08.

• Vinings Dining, doing business as Garrison’s: The company filed for Chapter 11, lists 1-49 creditors (the lowest check box offered on the form), and estimates that there will be funds available for unsecured creditors to be repaid. Signed by managing member Jeffrey R. Landau, the petition lists gross income for $2,503,659 in 2011, which dropped to $2,491,885 in 2012.

Vinings Dining also discloses that it faces a list of garnishment suits and lists among its largest  creditors $85,000 owed to Buckhead Beef, $66,000 owed to the related Metrotainment Bakery, $50,000 owed to the IRS and the nearly $2.15 million owed to Miller Capital Ventures LLC. The company cites total assets of$121,430.93 and total liabilities of $2,444,019.12

 

Top photo: Joe’s on Juniper (file)

3 Responses

  1. Nick Willis

    Bankruptcy is terrible when its a small business but spreads a lot wider when its a bigger company lots more smaller fish are negatively effected

    Reply

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