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The iconic Orlando-based restaurant filed a voluntary petition for listing $1.98 million in debt and $1.57 million in assets, said court Brad Dean, president of owner , said the 7,400-square-footf eatery’s revenue dropped as much as 30 percent since the start of the economic downturn. “When your cost of doing business goes up and revenuegoes down, you can hold on for only so said Dean, who unsuccessfully searched for an investor or buyeer for the 28-employee business. According to its bankruptcy Barney’s has 45 creditors. The largest secured creditor is Banco Popular, which is owed $1.
25 The largest unsecured creditor is the Orange Countyg Tax Collector, which is owed “It’s tough right now in the restauranf industry,” said Laura Bennett, owner of , an Altamonter Springs-based firm that services the restaurangt industry. “The restaurant business is the only businesd where you open your doors with a full refrigeratort and afull staff, and you have no idea if someond will walk through the doors.
” Mannh Tato, owner of Spice Modern Steakhouse in Winterf Park and downtown Orlando, said there’sd no question the economy has been especially tough on “People are not spending as much as they used
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