Famed NY Bagel Maker Files For Bankruptcy

Law360, New York (February 18, 2011, 8:23 PM EST) -- Garden Operation Realty LP, the parent of New York bagel manufacturer H&H Bagels, has filed for Chapter 11 protection, blaming the economic downturn as well as ongoing litigation.

The company listed $1.4 million in assets and $5.1 million in liabilities in its bankruptcy petition, filed Thursday in the U.S. Bankruptcy Court for the Southern District of New York on behalf of Garden Operation president and H&H Bagels founder Helmer Toro.

The decision to enter Chapter 11 was prompted by the company's landlord obtaining an order of...
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