Garduno’s files for bankruptcy protection
the owner of gardunos restaurant announced today he plans to file for chapter 11 bankruptcy. dave gardu owes almost a million dollars in back taxes– and plans to close three albuquerque locations, starting today. kayla anderson is live near louisiana and indian school with reaction from the garduno family. we’re here live in northeast albuquerque– at garduno’s. today tortilla, inc– the parent company of garduno’s restaurants– announced the company has filed for chapter 11 bankruptcy reorganization. you’ll recall– garduno’s owes almost a million dollars in back taxes. through teary eyes, founder and ceo dave garduno said today he’s worked out a deal to pay back those taxes within a year. effective today– three restaurants in albuquerque… on fourth street, academy, and montgomery… will shut down… leaving about 100 workers without a job. that’s about half of the gauno’s workforce. “the difficulty has been,
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12:05 pm the domino effect. when one thing spirals wrong, it just keeps going and we get to the point where we have to use the law to reorganize.” dave garduno blames the sour economy– and a former employee– accused of embezzling hundreds of thousands of dollars. the winrock and cottonwood restaurants will stay open… along with the two franchise locations in las vegas, nevada. dave garduno says they plan to emerge stronger than ever– and he’s already looking at some new locations to open down the road. reporting live from northeast albuquerque, kayla anderson, eyewitness news 4 midday.
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