New York’s Chef and restaurateur Jason Denton, who owns a number of New York City restaurants, has filed for bankruptcy. He is the owner of Catina Corsino Italina and other Manhattan eateries. He opened too many restaurants as the Great Recession struck.
43 year old Denton filed for bankruptcy on 27th August, 2013 in Manhattan federal court, citing liabilities totaling $1.37 million.
He expanded his number of restaurants at the time when the economy was in trouble. When the financial crisis hit, he was overexpanded.
Denton, who partnered with celebrity chef Mario Batali in 1999 to open Lupa Osteria Romana in the West Village, has had several eateries close in the past year, including 'ino in the West Village and Betto in Williamsburg, according to reports.
His lawyer said the bankruptcy would not affect Denton’s remaining restaurants.
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The Original Source of Article at http://www.xvarticles.com/new-york-restaurateur-jason-denton-files-for-bankruptcy/
The Original Source of Article at http://www.xvarticles.com/new-york-restaurateur-jason-denton-files-for-bankruptcy/
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