News broke on The Source late yesterday that Gavin McMichael, founder/owner of the Blacksmith restaurant as well as (the now closed) Bourbon Street and Gatsby’s Brasserie, is filing for bankruptcy. (Note that The Source article has undergone several revisions since first appearing last night.) This morning the Bulletin followed suit, and tonight KTVZ had an interview with McMichael on their newscast.
According to the various news, it is Chapter 7 bankruptcy that is being filed, covering his personal finances and debts (to the tune of nearly $2.5 million); this is being talked about as a measure to protect his restaurants from his creditors and that his restaurants will be unaffected, but of course everyone’s going to have the question anyway:
What’s really going to happen to the Blacksmith and Gatsby’s?