Genco Importing Inc., which operates Manitoba’s in the East Village, on Thursday filed for bankruptcy protection in Manhattan looking for a little breathing room to tweak its operations and file a restructuring plan. But don’t fear, Manitoba’s fans — the company plans to keep operating during the case.
Such a plan would likely be funded by a capital infusion from current majority owner Steven Van Zandt, a founding member of Bruce Springsteen’s E Street Band who also played a role on HBO’s “The Sopranos.”
Founder and minority owner Richard Manitoba, known from his punk rock days as Handsome Dick Manitoba, blamed the bar’s hard times on its 2008 citation for certificate occupancy violations. The bar made all changes by the following summer but ran up a $100,000 tab doing so.
Thursday, May 26, 2011
is reporting this afternoon that Manitoba's on Avenue B has sought Chapter 11 protection. Per the Journal: