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Mestizo files for business reorganization

Posted on 3/21/15 at 11:19 am
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75148 posts
Posted on 3/21/15 at 11:19 am
LINK

Article mentions it came as a result of La Mestiza in Prairieville.
Posted by DaBeerz
Member since Sep 2004
16901 posts
Posted on 3/21/15 at 12:12 pm to
Posted by ruzil
Baton Rouge
Member since Feb 2012
16873 posts
Posted on 3/21/15 at 12:14 pm to
I have eaten their several times in the past few years and liked the food.

I can't really put my finger on it, but there is something with the atmosphere that creeps me out. I really don't know what it is but eating there is weird.

I hope they get through this okay.
This post was edited on 3/21/15 at 12:15 pm
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75148 posts
Posted on 3/21/15 at 12:27 pm to
I agree. They charge a lot of money for some of those "fusion" entrees. I liked the Sherwood Forest location way back in the day. Felt more laid back and not quite as pretensious as the Acadian location.
Posted by Kim Jong Ir
Baton Rouge
Member since Jan 2008
52538 posts
Posted on 3/21/15 at 1:22 pm to
quote:

I hope they get through this okay.


Same here. Whether you like the food or not, it is always sad to see a locally owned business not make it. The owner works his butt off.
Posted by Trout Bandit
Baton Rouge, LA
Member since Dec 2012
13214 posts
Posted on 3/21/15 at 1:26 pm to
The best way to help them out is to go eat there. If you're weirded out by the atmosphere, get your food to go.
Posted by Matisyeezy
End of the bar, Drunk
Member since Feb 2012
16624 posts
Posted on 3/21/15 at 1:35 pm to
quote:

Same here. Whether you like the food or not, it is always sad to see a locally owned business not make it


Last time I checked, TD hated local businesses or some shite like that
Posted by Mr Mom
Baton Rouge
Member since May 2012
796 posts
Posted on 3/21/15 at 2:47 pm to
I can tell you exactly what it is... it is the carpet on the floor!!! I hate restaurants that have carpet!
Posted by TigahRag
Sorting Out OT BS Since 2005
Member since May 2005
132775 posts
Posted on 3/21/15 at 3:40 pm to
According to the filing, the shite bags weren't depositing employee payroll taxes and/or not paying their state sales & use taxes -- i.e. pretty pathetic for a business ..
This post was edited on 3/21/15 at 3:42 pm
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75148 posts
Posted on 3/21/15 at 5:35 pm to
Posted by LSU999
Member since Nov 2012
9115 posts
Posted on 3/21/15 at 7:34 pm to
quote:

I have eaten their several times in the past few years and liked the food. I can't really put my finger on it, but there is something with the atmosphere that creeps me out. I really don't know what it is but eating there is weird.


Is it because the owner has the ghey?
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75148 posts
Posted on 3/22/15 at 12:45 am to
Posted by VOR
Member since Apr 2009
63441 posts
Posted on 3/22/15 at 12:48 am to
quote:

Mestizo files for business reorganization


I know absolutely nothing about this restaurant or its overall financial situation. But I'm willing to bet they eventually are converted to a Chapter 7 and liquidate. Just based on probabilities alone.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75148 posts
Posted on 3/22/15 at 1:29 am to
What's the advantage of that?
Posted by VOR
Member since Apr 2009
63441 posts
Posted on 3/22/15 at 9:18 am to
quote:

What's the advantage of that?


Not talking about advantage. I'm referring to the rate of Chapter 11 success stories generally and restaurant reorganizations specifically.
Posted by Jones
Member since Oct 2005
90447 posts
Posted on 3/22/15 at 9:22 am to
Its because the place looks like its from 1986. The decor is horrible but the food is great.

Posted by Trout Bandit
Baton Rouge, LA
Member since Dec 2012
13214 posts
Posted on 3/22/15 at 9:29 am to
Once a Denny's always a Denny's.
Posted by Y.A. Tittle
Member since Sep 2003
101293 posts
Posted on 3/22/15 at 9:46 am to
It was Sambos before Denny's.
Posted by Martini
Near Athens
Member since Mar 2005
48829 posts
Posted on 3/22/15 at 9:57 am to
quote:

I know absolutely nothing about this restaurant or its overall financial situation. But I'm willing to bet they eventually are converted to a Chapter 7 and liquidate. Just based on probabilities alone.


Well I only read the attached article, not the filing as apparently Rag has read but discharging tax debt is a slippery slope in bankruptcy filings. It mentions unsecured which means there are no liens filed as of yet so his property isn't attached. It is not clear how much of the tax debt is income or payroll but payroll cannot be discharged. He is probably better off trying to work it down by staying open unless he could liquidate with enough money to pay the debt.
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
18895 posts
Posted on 3/22/15 at 10:14 am to
Let's hold off on the well wishes for his attempts at legally ducking out on his taxes. This guy has made millions in revenue and apparently isn't paying any of his taxes. As a small business owner who sweats out my taxes every year, it pisses me off that I pay mine and he isn't paying his.
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