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Olga's Kitchen Files for Chapter 11

Submitted by Anonymous (not verified) on

Mediterranean restaurant chain Olga’s Kitchen Inc. filed for chapter 11 bankruptcy protection on Thursday, Crain’s Detroit Business reported on Friday. Olga’s, founded in Birmingham, Mich., in 1970 by Olga Lorizon, owes millions of dollars to dozens of creditors, including $2.4 million to Citizens Bank, $1.2 million to food distributor Sysco Corp. and $103,843 to Detroit-based law firm Dickinson Wright PLLC. The restaurant chain also owes taxes to the state of Michigan and the Internal Revenue Service, though the amounts were not listed in the bankruptcy filing. Olga’s listed assets and liabilities of $1 million to $10 million in the filing.