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Imagine that.

The former owner of Imagine A Restaurant in west Little Rock recently filed for Chapter 7 bankruptcy protection and listed just over a $1 million in debt.

Adam Rosenblum, who was also the restaurant's executive chef, reported $191,000 in assets.

In May, Metropolitan National Bank filed a lawsuit against the restaurant and Rosenblum in an attempt to collect on a $102,000 defaulted loan.

Now that collection lawsuit will be taken off the stove as a trustee sorts out the finances.

The largest debt listed in the bankruptcy filing was to Pleasant Ridge Town Center LLC of Little Rock for $600,000. It was for the balance remaining on the restaurant's lease.

Rosenblum told Whispers in March that the restaurant's concept didn't work for west Little Rock.

"We just couldn't get people in the seats," he said at the time.

The restaurant generated $650,575 in food sales in 2007, according to the Little Rock Advertising & Promotion Commission. Rosenblum reported making only $19,200 that year. In 2006, he reported $6,822 in income.

Rosenblum told us in March that he was going to be opening a catering business called G3 Catering. But as of last week, the Web site still was under construction, as it was in March.

We couldn't reach Rosenblum or his attorney, Basil Hicks Jr. of North Little Rock, for comment on the bankruptcy filing.
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Title Annotation:Whispers
Publication:Arkansas Business
Date:Jun 9, 2008
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