Blind Dog Restaurant files bankruptcy
November 10, 2009
The entity that owns Blind Dog Restaurant and Sushi Bar filed for Chapter 11 bankruptcy on Oct. 30.
According to attorney for the debtor Knute Rife, Chapter 11 allows a business to reorganize and come up with a plan to pay back creditors. The creditors get to vote on the plan. Rarely does everyone get all their money back, he said, but restructuring allows the entity to continue operating instead of closing down and liquidating everything.
Blind Dog owner Penelope Kinsey emailed the following statement to The Park Record: "The circumstances that caused us to seek bankruptcy court protection are unfortunate, but we are confident that we will be able to work out our financial affairs and once again be a serving the community. We want to thank all our employees and customers for their loyalty and for the confidence they have placed in us and for sticking by us. We will not disappoint you. The Blind Dog has been an important member of the Park City community for 11 years and we expect to be serving the community for 11 more."
The defendants listed on an Aug. 27 complaint filed in Third District Court for unpaid bank loans were Rigger, L.L.C., which is not a Utah corporation, and Blind Dog Grill, Inc. But Blind Dog Grill, Inc. is not included in the bankruptcy, Rife clarified. It’s a different corporation.
The restaurant is currently closed during the shoulder season and is anticipated to reopen for winter.