Steak Restaurant Files for Bankruptcy
Posted on Mar 6, 2011 7:50pm PST
The upscale S&W Steak and Wine restaurant has reportedly filed for Chapter 7 bankruptcy. The company reportedly plans to cease all operations as it has listed less then $50,000 in assets and between $50,001 and $100,000 in liabilities. The building has reportedly been on the market since spring of 2010 for about $1.95 million. The owner of the restaurant also owns the building. It is believed that the restaurant has struggled due to the economic problems and the high prices.
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