Steaksmith Steakhouse to File for Bankruptcy

Steaksmith Steakhouse in the Colorado Springs area is reportedly getting ready to file for bankruptcy. According to reports, the business has already shut down as the result of mounting debt. It is reported that the business was no longer generating enough income to make payments on $200,000 in loans that were taken out to acquire the business. The business was employing 27 people before shutting down.

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