Local restaurant files Chapter 7

July 29, 2014

Chapter 7 Bankruptcy

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A recently shuttered Shockoe Bottom restaurant has declared bankruptcy.

Arcadia at 1700 E. Main St., which operated through Arcadia Partners LLC, filed Chapter 7 bankruptcy on July 11, according to federal court records.

Arcadia shut down on June 22, the filing shows.

The business closed with $264,000 in debt. It owed $14,000 to its landlord, and other creditors include food and equipment vendors and utility providers. It also owed $12,000 in Richmond city meals taxes and more than $14,000 in state and federal taxes.

Its assets consist of about $44,000 in restaurant equipment.