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Pampas Palo Alto Files for Bankruptcy Protection

 Pampas Palo Alto LLC, the operator of a "modern" Brazilian churrasco restaurant located in the heart of downtown Palo Alto, California (just off of University Avenue at 529 Alma Street), voluntarily filed for chapter 11 protection on Monday in the Northern District of California bankruptcy court in San Jose.  The restaurant, which gets four star reviews from reviewers on both Yelp and OpenTable, is majority-owned by co-proprietors Timothy and Masumi Reynders and features chefs Anna Marie Bayonito and Nicole Baverso and consulting executive pastry chef Marisa Churchill, according to the restaurant's website.

While bankruptcy court filings state that Pampas "is in serious financial condition and is unable to continue without debt relief," they are silent as to whether the restaurant plans to close.  As of this evening, OpenTable was still accepting new reservations for the restaurant for tables this weekend.  The company's chapter 11 petition lists both assets and liabilities between $1 and $10 million.  Pampas Palo Alto is represented in the case by the law firm of Murray & Murray, P.C. of Cupertino, California.

Key court filings to date include (click on the title of any document for more information or to purchase):



Read more: http://www.netdocketsblog.com/2011/01/pampas-palo-alto-files-for-bankruptcy.html#ixzz1A9dgRuE1