Villagio files for bankruptcy


CIZ-ComVillagio2Zionsville’s Villagio Ristorante and Bar, 40 S. Main St., once the home of the famous Adam’s Rib restaurant, has filed for a liquidation bankruptcy.

The Italian restaurant, managed under ERJ LLC, filed for Chapter 7 bankruptcy on May 3.

“The original petition for a Chapter 11 that was filed in July of 2012 was dismissed a month ago. My client has recently filed for a Chapter 7,” Cohen said. “Total liabilities are listed on the schedule at $370,353.00 and $35.00 in total assets. The liquor license is included in the listed assets at an unknown value as it is subject to a statutory lien in favor of the Indiana Dept. of Revenue.”

The restaurant remains open and operating under a new name, Ciao. The property is owned by Halcyon Futures Group and the owners had just recently completed a major renovation to the building that the restaurant is housed in. The property owners were not available for comment at press time.

Current Morning Briefing Logo

Stay CURRENT with our daily newsletter (M-F) and breaking news alerts delivered to your inbox for free!

Select list(s) to subscribe to

By submitting this form, you are consenting to receive marketing emails from: Current Publishing, 30 S. Range Line Road, Carmel, IN, 46032, You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact