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Bankruptcy Woes

Crain's reports that creditors for Buddha Bar, now called Ajna, are trying to force the club and restaurant into involuntary Chapter 7 bankruptcy protection. According to the filing, the restaurant has $1 - 10 million in assets and $10 - 50 million in liabilities. Click over to Crain's to read all the ins and outs of the case (and there are many). [Crain's; previously]