Four companies that run several restaurants popular with gay Atlantans filed for Chapter 11 bankruptcy June 13, 2013, in United States Bankruptcy Court for the Northern District of Georgia.
The owners of Joe's on Juniper, Einstein's, Metrotainment Bakery, Sugar Shack and Garrison's filed for the voluntary bankruptcy reorganization in the wake of a judgment of almost $2.15 million owed to Miller Capital Ventures LLC.
The restaurants plan to stay open during the reorganization, managing member Jeffrey Landau told the Atlanta Business Chronicle.
Many of the debts are shared among the related companies. Here's a rundown of some of the numbers from the bankruptcy filings, which show mixed success for the companies, with Joe's on Juniper and Einstein's reporting higher revenue for 2012, but drops from 2011 to 2012 reported for Metrotainment Bakery/Sugar Shack and Garrison's.