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Shooters Will Remain Open Despite Chapter 7 Bankruptcy

Back in March of 2012, two companies associated with waterfront restaurant Shooters filed Chapter 11 bankruptcy. According to the South Florida Business Journal, Roscoe, LLC (DBA Shooters) and BIMA, LLC filed for bankruptcy protection following a $10.5 million foreclosure lawsuit filed by FirstBank against BIMA, LLC, the company that owns the property that both Shooters and Bootleggers sits on.

About a month later, Shooters owner John Wile filed for personal Chapter 11 bankruptcy protection.


Chapter 11 bankruptcy protection allows a company, or person, to

restructure debt with the help of a trustee appointed by the court.

Debts are generally not forgiven, but a company is usually allowed to

continue to operate, with the goal of becoming financially healthy in

the future.

We recently learned that Chapter 11 filings for

Roscoe, LLC and BIMA, LLC have been converted to Chapter 7 filings on

July 10, which usually signifies a liquidation of assets in order to pay

debts. We did not confirm the status of the John Wile's personal

bankruptcy.

But fans of the waterfront restaurant's food, drinks,

and hot body contests need not panic. According to Shooters' controller

Lauren DaVila, the restaurant will continue to operate, despite the

Chapter 7 bankruptcy. According to DaVila, the court wants the iconic

restaurant to stay open, but with a trustee monitoring the operations.

Whatever

the financial logistics of the restaurant that's been operating since

1982, boaters will continue to tie up at the establishment's dock on

weekends for a cold beer and a bite.



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miles
Shooters Waterfront Cafe

3033 NE 32nd Ave.
Fort Lauderdale, FL 33308

954-566-2855

www.shooterscafe.com


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