Daily News | Unable to pay its rent, South Street’s Copabanana files for bankruptcy
In January, Copabanana, the iconic burger and margarita restaurant that has stood at Fourth and South Street for 45 years, started a
. He said the restaurant needed help with everything from past-due rent, mortgage and loan payments to growing medical expenses for Copabanana’s ailing founder, Bill Curry, who is confined to his home.Advertisement “It was the only way to rescue the business,” Ventura said Thursday of the May 26 petition filed with the U.S. Bankruptcy Court for the Eastern District of Pennsylvania. “We’re not trying to screw anybody. We’re not trying to hurt anybody. It was the way to go forward and get the breathing room that we need.”, the 344 South Street Corp. — the entity that owns the restaurant — lists Copabanana’s total assets at under $50,000.
“Copa is a big space,” he said. “One landlord became much more aggressive and that’s what brought us to the table.”
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