Schmidt's Bakery and Delicatessen filed for chapter 7 bankruptcy, listing just over $44,000 in assets against more than $814,000 in liabilities that include tax deficiencies for state sales and wage withholding taxes, and $190,000 in federal payroll tax withholdings that the Internal Revenue Service said it never received, the Denver Post reported yesterday. The Loveland, Colo.-based bakery and delicatessen was seized by Colorado tax agents on the morning of Jan. 8. The court filing lists 102 creditors, including 40 employees.
