Las Vegas nightclub operator seeks bankruptcy protection
The owner of a Paradise Road nightclub in Las Vegas filed for bankruptcy reorganization Monday.
The Chapter 11 filing was made by Manhattan West LLC, which does business as Piranha Nightclub and 8 1/2 Ultra Lounge at 4633 Paradise Road, south of Harmon Avenue.
The bankruptcy filing listed a "doing business as Gypsy Nightclub.''
But Manhattan West LLC bankruptcy attorney H. Stan Johnson said the nearby sister club of Piranha and 8 1/2 Ultra Lounge, which is actually spelled Gipsy, is owned by a separate limited liability company and is not part of the bankruptcy.
There is some common ownership between the two companies, he said.
Manhattan West LLC filed for bankruptcy because of a dispute with the State Department of Taxation and hopes to resolve that dispute through the bankruptcy process, Johnson said.
"Business is normal. It's not closing down,'' he said of the club.
The bankruptcy filing was signed by company CEO Paul San Filipo and listed assets of $50,000 against liabilities of $2.277 million.
The main creditor, owed $2.2 million, is Jerry Masini of Las Vegas, a lender to Manhattan West.
The Piranha, 8 1/2 and Gipsy clubs are among the best known gay nightclubs in Las Vegas.
Their bankruptcy follows other high-profile local bankruptcies in that industry during the recession, including filings by Krave, Rumjungle, Prive and, most recently, Dylan’s.