It's official: Paseo files for bankruptcy amid unpaid wage claims, tax problems
SEATTLE -- Paseo -- Seattle's beloved Cuban sandwich shop -- has filed for bankruptcy.
Paseo Caribbean Food, Inc lists its assets at $81,971 and liabilities of $30,245 in bankruptcy documents first obtained by the Seattle Times.
Part of the company's liabilities include unpaid wages to more than a dozen workers and money owed to vendors and utilities, documents show.
The company also appears to owe an unspecified amount of taxes to the Internal Revenue Service and the Washington state Department of Labor and Industries.
The announcement of Paseo's closure sent hunger pangs through the stomachs of many Seattle foodies earlier this week. The vastly popular restaurant was known to have a huge following lines out the door during all hours of the day.