
Casa Bonita files for Chapter 11 bankruptcy
After more than a year closed due to the COVID-19 pandemic, Lakewood’s Casa Bonita has filed for bankruptcy.
Summit Family Restaurants, Casa Bonita’s parent company, filed for Chapter 11 protection in Arizona on April 6.
But that doesn’t mean the business is closing for good; the Chapter 11 filing should buy Casa Bonita more time to pay off its debts, which amount to $4.4 million, according to court documents. And it could even continue to operate in the meantime.
Court documents show that most of Casa Bonita’s debt is owed to its owner, Summit Family Restaurants, through a capital lease