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Tony’s Baltimore Grill

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Bankruptcy Round Up: Tony’s Baltimore Grill and Johnny Manana’s

Tony's Baltimore Grill has filed for bankruptcy protection but remains open.

Tony’s Baltimore Grill has filed for bankruptcy protection but remains open.

Tony’s Baltimore Grill in Atlantic City has filed for bankruptcy. Co-owner Christopher Tarsitano tells the Atlantic City Press that a $715,000 bill for withdrawing from a pension fund is to blame. In 2014, the business left Local 54, the Atlantic City hospitality workers union and the National Retirement Fund. Tarsitano says the business was paying$10-15,000 per month for ten employees to receive health and pension benefits. By withdrawing from the fund, the business is on the hook for a “withdrawal liability.” That’s where the $715,000 comes from. Tarsitano tells the Press, the business will not close and remains open as it has since 1927.

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