Lolita’s Cantina Files for Bankruptcy
Posted on Jun 23, 2011 7:40pm PDT
Lolita's Cantina & Tequila Bar in Las Vegas has reportedly filed for bankruptcy. According to reports, the company is hoping to restructure more than $500,000 in debt and liabilities. The company has been facing two lawsuit judgments which probably had a role in the financial problems. In the
Chapter 11 bankruptcy filing, assets were listed at $50,000 or less while liabilities were between $500,000 to $1 million.
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