Bankruptcy for Gloucester City Restaurant

McMichael's Pub & Grill, a tavern in Gloucester City, New Jersey is seeking to liquidate its assets in a chapter 7 bankruptcy according to the Courier Post. bankruptcy.http://www.courierpostonline.com/story/news/local/south-jersey/2016/11/16/mcmichaels-gloucester-city-bankruptcy/93978846/

McMichael's Pub & Grill, located on the 100 block of Burlington Street, reported assets of about $110,000 in its  bankruptcy. The scheduled debts of $310,000.00 far exceed the assets. The building where the South Jersey Pub operated is owned by a separate company which also filed bankruptcy. The real estate is in foreclosure according to the Courier Post.

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