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Parent company to Casa Bonita files for bankruptcy

by Administrator 5. October 2011 06:17

The parent company to Casa Bonita has filed for Chapter 11 bankruptcy protection.

Star Buffet Inc. is a Scottsdale, Ariz.-based company that filed for bankruptcy on Sept. 28. The decision to file for bankruptcy came after the company decided that they would be unable to pay a $723,489.02 judgement that was placed on the company.

Although the company is profitable, they have been unable to refinance certain mortgages until January 2012. Casa Bonita is a family-style eating restaurant that opened in 1974. Star Buffet currently owns and operates 31 restaurants and subsidaries.

If you or a loved one has been considering bankruptcy, you need experienced representation to explain all of your options. Contact the Arizona Chapter 11 bankruptcy lawyers of the Harmon Law Office today by calling 480-829-0494.

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