Garden Operation Realty, a company under the umbrella of H&H Bagels owner Helmer Toro, filed for Chapter 11 bankruptcy in Manhattan after finding themselves $5.1 million in debt. They owe $3.4 million to the IRS and an "undetermined amount" in back taxes to New York and New Jersey, and Toro says that their expansion of the Secaucus facilities "was more costly than anticipated," and that subtenant All Dutch Baking Co. also filed bankruptcy, which deprived Garden Operation of "much-needed rental income." Somewhere, an Ess-A-Bagel employee is petting his white cat, fiendishly watching as all his plans finally fall into place.
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