Republic opens under bankruptcy protection, carrying debt from former owners

The popular restaurant, across from Pleasants Hardware on West Broad Street in Richmond, listed assets of $50,000 or less and liabilities of $100,001 to $500,000 in its filing with the U.S. Bankruptcy Court in Richmond. [...]

His attorney, Roy M. Terry Jr. with Sands Anderson, said the restaurant had tax debt that Hawkins was not aware of when he became the full owner about a year ago.

The tax debt has increased since then, Terry said. “We don’t have the precise numbers but about $300,000 is owed on federal, state and city taxes.”

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