Cavalli racks up $1.2M in debt, files for bankruptcy protection

Some patrons linked to organized crime

A popular downtown restaurant is seeking bankruptcy protection.  Cavalli on Peel Street is listing debts of more than $1.2 million dollars.

Complicating its money woes, testimony at the Charbonneau Commission indicated that some of the patrons frequenting the eatery had connections to organized crime.

Because of that and infractions of Quebec's liquor control laws, Cavalli saw its liquor license yanked for 100 days in January.  

The restaurant is now closed for renovations.

In June, management is expected to make a proposal to its creditors. 

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  1. yo posted on 03/26/2014 10:41 AM
    bankrupt but they have money for cute
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