Colorado-based Platte Restaurant Equipment has filed for bankruptcy after the firm was forced to close down last month.
The restaurant supply company, which had been in business for thirty years, is said to have an estimated liquidation value of between $20,000 and $30,000, according to BusinessDen.
It is reported that the company said in a filing on June 14 that it owed 43 creditors a total of $647,716.
The bankruptcy petition was signed on behalf of the company by Toby Burbank, while it will be represented in bankruptcy hearings by attorney David V. Wadsworth of Wadsworth Garber Warner Conrardy.
Platte, which was headquartered just outside Denver, billed itself as Colorado’s number one restaurant supply company.
It had said that its sole purpose was: “to provide Colorado’s exciting culinary scene with the top-quality restaurant equipment and service they deserve” while its inventory included both affordable used equipment and new, top of the line brands.
