Michel Richard's Vegas Restaurant Files for Bankruptcy

Chef Michel Richard's Las Vegas restaurant, Central by Michel Richard, has filed for bankruptcy. According to Eater Vegas, the 24-hour restaurant located inside Caesar's Palace cost $4.5 million to build in 2011. An online listing of the bankruptcy filing reveals that the restaurant owes money to anywhere between 50-99 creditors. It also notes that restaurant has liabilities that fall in the $1 million to $10 million range, but that its assists are valued only between $500,001 to $1 million. Eater Vegas points out that the "temporary shuttering or the full closing of the restaurant is not inevitable or immediately suggested by the filing."

It's been a rough year for the famed French chef: New York Times critic Pete Wells gave his New York City restaurant Villard Michel Richard zero stars, writing that restaurant could reopen as a "as the Museum of Unappetizing Brown Sauces." Another one of Richard's NYC restaurants closed for the "summer season" and a third has been death-watched. Meanwhile, in Washington, DC, things seem to be going slightly better, with rumors floating that Richard plans to open another restaurant in the nation's capital.

· Central Michel Richard Files for Bankruptcy [Eater Vegas]
· Bankruptcy Filing [Pacer Monitor]
· All Michel Richard Coverage on Eater [-E-]