Service will proceed as typical at Greek Bros. 205 and at the El Campo location although the parent firm submittedapplied for Chapter 11 personal bankruptcy March 9, inning accordance with the restaurants owner.The owner,
George Charkalis, said he had no option except declaring for bankruptcy to rearrange inner affairs at his business as well as repay his financial debts.205 and Greek Bros. in El Campo will continuecontinue, he claimed. We look forwardwaiting to having all our consumers ahead as well as appreciate just what we do. Were here to remain. We like Victoria.Greek Bros. in El
Campo opened in 1985, and a Victoria area opened in 2010 and thenand after that moved downtown in 2012. Both places use live songs as well as food that is a mix of American and Mediterranean.Charkalis stated that a couple of years back, he as well as his better half acquired an item of residential property in El Campo as well as obtained in over their heads financially.We made an unwise actualproperty purchase, as well as … we were not able to keepstay up to date with our commitments on that, and also we obtained sued, he said. At that point, we knew we needed to rearrange and also change a few of our ways of doing companyoperating. The only method were able to do that was to reorganize under Phase 11. The realproperty purchase pulled the company down, and also Charkalis said he wasnt able to maintain up.When the oil area slowed down, several of our volume did the same thing, he stated. The restaurant service is hard,
but were preparedprepared to take carelook after all our debts.Charkalis prepares to maintain all his employees, and also company will continue as it has, he said.Were still employing. This is service as usual under this
defense while we obtain restructured, he said.Charkalis isn’t really letting the reconstruction quit him, and also hes looking forwardwaiting to the future, he said.Little did I recognize I was going to be sharing the very same service(approach)as Trump, Continental Airlines(as well as) Heinz Ketchup, he stated. Theyve all gone Phase 11. I am in excellent company.Joseph and Sandra Garcia took legal action against George as well as Blanche Charkalis in September for $177,273.62, exactly what was left of exactly what the Charkalises owed after the property was foreclosed for$175,000 in June, according to court documents. They additionally sued for$75,580.61 for breach of warrant title, lawyer fees, costs of the fit and also interest.In November, a judge determined that the Charkalises would pay the Garcias$252,854.23 as well as attorney charges, inning accordance with court documents.In June 2015, a judge identified that the Charkalises would certainly pay Kingsbridge Holdings LLC$32,308.04, according to court files, after the business sued the couple.The factor were doing it is so we could take treatment of all our debts, George Charkalis said. Were not filing not to pay. Were simply restructuring.
Service will continue as regular at Greek Bros. 205 as well as at the El Campo area although the parent company filed for Phase 11 bankruptcy March 9, according to the restaurants owner.The owner,
George Charkalis, claimed he had no choice except filing for bankruptcy to restructure inner events at his company as well as pay off his financial obligations.205 and also Greek Bros. in El Campo will continue on, he said. Both places supply real-time songs and food that is a mix of American as well as Mediterranean.Charkalis stated that a few years earlier, he as well as his partner purchased a piece of residential or commercial property in El Campo and also obtained in over their heads financially.We made an ill-advised genuine estate acquisition, as well as … we were not able to maintain up with our commitments on that, and also we got sued, he said. The real estate acquisition drew the firm down, and also Charkalis stated he wasnt able to keep up.When the oil area reduced down, some of our quantity did the very same point, he said.
Company will proceed as regular at Greek Bros. 205 and at the El Campo place although the parent firm filed for Chapter 11 personal bankruptcy March 9, according to the dining establishments owner.The owner,
George Charkalis, claimed he had no choice other than filing for personal bankruptcy to restructure inner affairs at his company and pay off his financial obligations.205 and Greek Bros. in El Campo will certainly continue on, he said. Both locations provide real-time songs as well as food that is a mix of American and Mediterranean.Charkalis said that a few years ago, he and his better half acquired a piece of building in El Campo as well as got in over their heads financially.We made a risky genuine estate purchase, as well as … we were not able to maintain up with our commitments on that, and also we got sued, he stated. The real estate purchase drew the company down, and also Charkalis claimed he wasnt able to maintain up.When the oil field slowed down, some of our volume did the same point, he claimed.