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The Today File

Your guide to the latest news from around the Northwest

November 13, 2014 at 11:24 AM

Paseo files for bankruptcy

Update: Read the full story here.

Paseo has filed for bankruptcy.

The popular Seattle restaurant, which surprised sandwich fans by abruptly closing both of its locations Tuesday, lists assets of $81,971 and liabilities of only $30,425 in a petition for Chapter 7 voluntary bankruptcy filed Wednesday in Seattle federal court.

But the petition also lists the Internal Revenue Service and the Washington state Department of Labor and Industries as creditors holding high-priority claims of amounts not yet determined and a number of workers owed wages.

Related: Six great pork sandwiches worthy of Paseo’s throne

Comments | More in General news, Government | Topics: bankruptcy, food, Paseo

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