New York oyster bar Maison Premiere and French restaurant Sauvage — which both share the same owners — have filed for chapter 11 protection, though both are still open, Eater reported. Maison Premiere, a James Beard Award-winning bar, and Sauvage have collectively racked up $3.2 million in outstanding debt to banks and other entities, according to court documents. Based on the court filings, the largest creditor between the two restaurants is New Jersey’s Provident Bank — with nearly $2 million owed by Maison Premiere alone, according to court documents. Attorney Doug Pick says that the $2 million debt is guaranteed by Sauvage. Out of the remaining debt from the two entities, $587,000 represents the salaries and loans owed to the owners themselves, and another $200,00 belongs to loans made back and forth between the two restaurants, he said.
