Ciao Italian Kitchen managing member declares Chapter 11 bankruptcy

Ciao Italian Kitchen managing member Guillermo Perez-Munoz has filed Chapter 11 bankruptcy to reorganize.

Perez-Munoz opened his first Ciao at the Waterfront in 2011.

He then opened a second one in the former Tommy’s Restaurant and Lounge space near 21st and Tyler in 2012.

At the time, the company’s COO said the idea was to build a brand and possibly expand with more Ciaos.

The bankruptcy filing shows 20 creditors. Estimated assets are between zero and $50,000, and estimated debts are between $100,001 and $500,000.

The largest creditor listed is the IRS with a claim for $215,552.92.

The next-largest creditors are food companies. Ben E. Keith’s claim is $11,786.93, and Sysco of Kansas City’s claim is $16,411.54.

Perez-Munoz declined to comment on the filing.

This story was originally published October 24, 2014 at 12:00 AM.