blogdowntown 89.3 KPCC | Southern California Public Radio

Stay Connected

@blogdowntown on Twitter
blogdowntown on Facebook


Provecho Closes Three Months After Filing for Bankruptcy

By Eric Richardson
Published: Friday, May 07, 2010, at 03:40PM
Provecho Eric Richardson [Flickr]

Chef Gabriel Morales' Provecho closed its doors this week, three months after its parent company filed for bankruptcy and a month and a half after a judge gave permission for 800 Wilshire to proceed with an eviction.

A sign posted on the door of the restaurant read, "Provecho is closed / Thank you for the support."

The Mexican restaurant first signed its lease at 800 Wilshire in July of 2007, but delays and permit issues kept the eatery from opening until December of 2008.

The corporation that controls Provecho and martini lounge Remedy filed for bankruptcy protection on February 8, claiming nearly $2 million in debts. Eviction proceedings were started by the building that same day. On March 17, Judge Alan Ahart denied the restaurant's attempt to keep its space while it reorganized.

Bankruptcy proceedings will continue to determine which of the company's creditors will get paid.


Tweet This Story || Share on Facebook

Related Stories: