NEW YORK (CBSNewYork/AP) — A company behind one of New York City’s most beloved bagel makers says it is bankrupt.
H&H Bagels founder Helmer Toro sought Chapter 11 protection on Thursday for one of the entities that make up the business.
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In court papers, he blamed the economy and a rent dispute for the problems of the company, Garden Operation Realty.
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The court filing listed $5.1 million in debt. The company said it believed it could recover.
The bankruptcy filing will put a hold on a separate legal action that might have led to H&H getting locked out of a bakery in Secaucus, N.J.
The H&H shop on Manhattan’s Upper West Side remains open, as does a shop on West 46th Street.
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