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Paseo Files for Bankruptcy

More details on the developing story surrounding Paseo's mysterious closing.

Paseo [Facebook]

Details continue to emerge regarding the sudden closing of beloved sandwich shop Paseo. This morning, The Seattle Times reported that Paseo filed for bankruptcy yesterday:

The popular Seattle restaurant, which surprised sandwich fans by abruptly closing both of its locations Tuesday, lists assets of $81,971 and liabilities of only $30,425 in a petition for Chapter 7 voluntary bankruptcy filed Wednesday in Seattle federal court.

But the petition also lists the Internal Revenue Service and the Washington state Department of Labor and Industries as creditors holding high-priority claims of amounts not yet determined and a number of workers owed wages.

Tuesday's shocking development is starting to become a lot more clear.

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