January 13, 2011

Longoria Files For Bankruptcy

Posted in Bankruptcy tagged at 4:16 pm by demetriagraves

After filing for divorce recently from San Antonio Spurs point guard Tony Parker, “Desperate Housewives” star Eva Longoria will be filing again, this time for bankruptcy. Times are tough, and Eva’s Las Vegas restaurant Beso is feeling it firsthand, filing for bankruptcy for restructuring purposes. EVA Longoria owns a 32 percent stake in eatery Beso and is also listed as a creditor, having given Beso a $1 million loan to help fund its startup. To make matters worse, Eva was named in another lawsuit for allegedly violating California lending law.

Since opening just two years ago, the restaurant has gone deep into debt accumulating upward of $5.7 million in debts, despite grossing $14.6 million last year. Records filed at the US Bankruptcy Court in Las Vegas show it was losing up to $76,000 a month and owes $1.8 million to landlords Crystals. Both the restaurant and the adjacent nightclub, Eve, have had trouble keeping up with the lease. The bankruptcy filing is designed to protect $2.5 million in assets and will help the company Beso LLC restructure the $5.7 million in debt.

Eva, 35, is now being sued for more than $4 million, its reported that an investor of Beso named Mali Nachum is claiming that Eva not only violated California law but cut into his percent of the company. He is accusing Eva of lending $1million to the company behind Beso with the agreement that she would get paid back. We’ll have to see what pans out with this one.

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