The Brass Tap, a San Antonio, Texas-based restaurant and bar with more than 50 varieties of craft beer, filed for chapter 7 bankruptcy and has closed, the San Antonio Express-News reported. Documents filed yesterday in bankruptcy court showed that Graystone Group Inc., doing business as The Brass Tap, had $123,743 in total assets and $727,151 in total liabilities. Texas Champion Bank was the largest secured creditor, according to the documents. It is owed $591,092. Read more.
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