Peter1469
12-13-2018, 08:54 AM
Mike Isabella’s company is going out of business seven months after sexual harassment (https://www.washingtonpost.com/news/food/wp/2018/12/13/mike-isabellas-company-is-going-out-of-business-seven-months-after-sexual-harassment-lawsuit/?utm_term=.424d0dcb35d9)
That is a shame- Isabella's restaurants are extremely good. I use to live next to a building that had 3 Isabella resturants in it.
Exactly one year and one day after former “Top Chef” star and restaurateur Mike Isabella opened a 41,000 square foot multi-restaurant concept in the Tysons Galleria, he announced he is shutting down his entire company — once, one of the biggest restaurant empires in D.C. After filing for Chapter 11 bankruptcy in September (https://www.washingtonpost.com/lifestyle/food/celebrity-chef-mike-isabella-declares-bankruptcy-in-wake-of-sexual-harassment-lawsuit/2018/09/06/0ae64a50-b12e-11e8-aed9-001309990777_story.html?utm_term=.80259563c1a7), Isabella’s company on Wednesday filed for Chapter 7 bankruptcy, with plans to cease operations and liquidate its assets to pay debts.
Isabella’s previous bankruptcy filing had intended to help him restructure his company, he told The Post in a September interview (https://www.washingtonpost.com/lifestyle/food/from-top-chef-stardom-to-bankruptcy-the-rise-and-fall-of-mike-isabella/2018/09/09/66ea6110-b228-11e8-9a6a-565d92a3585d_story.html?utm_term=.ced012185d68). But it couldn’t stop the bleeding: Washingtonian reports (https://www.washingtonian.com/2018/12/12/mike-isabellas-restaurant-group-is-going-out-of-business/) that none of the eight remaining restaurants in his company, which once swelled to 12 restaurants not including his airport and ballpark locations, have the cash available to pay December rent to any landlord. The restaurants will continue to operate through Dec. 27, a request that Isabella made to take advantage of holiday crowds that would help him make payroll for his staff. Two restaurants, Kapnos Kouzina in Bethesda, Md., and Requin at the Wharf in the District, were not part of either bankruptcy filing, and it is unclear how they will be affected.
He will likely pay his creditors off and there won't be much if anything left for the lawsuit.
That is a shame- Isabella's restaurants are extremely good. I use to live next to a building that had 3 Isabella resturants in it.
Exactly one year and one day after former “Top Chef” star and restaurateur Mike Isabella opened a 41,000 square foot multi-restaurant concept in the Tysons Galleria, he announced he is shutting down his entire company — once, one of the biggest restaurant empires in D.C. After filing for Chapter 11 bankruptcy in September (https://www.washingtonpost.com/lifestyle/food/celebrity-chef-mike-isabella-declares-bankruptcy-in-wake-of-sexual-harassment-lawsuit/2018/09/06/0ae64a50-b12e-11e8-aed9-001309990777_story.html?utm_term=.80259563c1a7), Isabella’s company on Wednesday filed for Chapter 7 bankruptcy, with plans to cease operations and liquidate its assets to pay debts.
Isabella’s previous bankruptcy filing had intended to help him restructure his company, he told The Post in a September interview (https://www.washingtonpost.com/lifestyle/food/from-top-chef-stardom-to-bankruptcy-the-rise-and-fall-of-mike-isabella/2018/09/09/66ea6110-b228-11e8-9a6a-565d92a3585d_story.html?utm_term=.ced012185d68). But it couldn’t stop the bleeding: Washingtonian reports (https://www.washingtonian.com/2018/12/12/mike-isabellas-restaurant-group-is-going-out-of-business/) that none of the eight remaining restaurants in his company, which once swelled to 12 restaurants not including his airport and ballpark locations, have the cash available to pay December rent to any landlord. The restaurants will continue to operate through Dec. 27, a request that Isabella made to take advantage of holiday crowds that would help him make payroll for his staff. Two restaurants, Kapnos Kouzina in Bethesda, Md., and Requin at the Wharf in the District, were not part of either bankruptcy filing, and it is unclear how they will be affected.
He will likely pay his creditors off and there won't be much if anything left for the lawsuit.