Quantcast

H&H Partner Company $5.1 Million In Debt

021911bagels.jpg Garden Operation Realty, a company under the umbrella of H&H Bagels owner Helmer Toro, filed for Chapter 11 bankruptcy in Manhattan after finding themselves $5.1 million in debt. They owe $3.4 million to the IRS and an "undetermined amount" in back taxes to New York and New Jersey, and Toro says that their expansion of the Secaucus facilities "was more costly than anticipated," and that subtenant All Dutch Baking Co. also filed bankruptcy, which deprived Garden Operation of "much-needed rental income." Somewhere, an Ess-A-Bagel employee is petting his white cat, fiendishly watching as all his plans finally fall into place.

Contact the author of this article or email tips@gothamist.com with further questions, comments or tips.

Comments [rss]

  • justthinkin

    It's all a schmear campaign. There are no holes in H & H's books, just in their bagels.

  • whitecastlerock

    Bankruptcy ain't gonna get the IRS off their backs...

  • If you can't make money selling bagels on the upper west side of manhattan, you do not deserve to be in business.

  • ANGRYGOD11

    They made money. Their bagels are not cheap. They just didn't pay the taxes.

  • It's much easier to make money if you don't have to pay taxes on your earnings.

blog comments powered by Disqus

send a tip

tips@gothamist.com