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The iconic Orlando-based restaurant filed a voluntary petitiobfor liquidation, listing $1.98 million in debt and $1.57 millionb in assets, said court records. Brad president of owner , said the 7,400-square-foot eatery’zs revenue dropped as much as 30 percent since the stargt of theeconomic downturn. “When your cost of doinfg business goes up and revenuegoes down, you can hold on for only so said Dean, who unsuccessfully searched for an investor or buyetr for the 28-employee business. According to its bankruptcy petition, Barney’a has 45 creditors. The largesf secured creditor is Banco which isowed $1.25 million.
The largest unsecures creditor is the Orange CountyTax Collector, which is owed $57,599. “It’s tough righrt now in the restaurang industry,” said Laura owner of , an Altamonte Springs-based firm that services the restaurant industry. “The restaurant businessd is the only business wherse you open your doors with a full refrigerator and a full and you have no idea if someon will walk through the Manny Tato, owner of Spice Modern Steakhouse in Winter Park and downtown Orlando, said there’ss no question the economy has been especially touguh on restaurants.
“People are not spendinbg as much as theyused
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