Miami sandwich chain files bankruptcy. 100 Montaditos sandwich chain locations have sprung up all over South Florida. There is even a location in Plantation. Not far from the office of this Broward County bankruptcy lawyer. The chain is based in Miami. It is known for selling small tasty sandwiches. It has developed a cult following of fans. The company is headquartered in Spain, but the franchise operator in Miami needed the help of an experienced bankruptcy attorney. The bankruptcy lawyer filed a Chapter 11 bankruptcy case. The bankruptcy attorney insists the problem for the South Florida restaurants is the Spanish parent company never put enough capital into the restaurants here in South Florida. The bankruptcy lawyer goes on to state the restaurants never had any chance for success. The model is alleged to be flawed. High rent locations were chosen. Prices on food and alcohol were too low. This caused restaurants to actually sell their products at a loss. The bankruptcy lawyer states a location in West Palm Beach has been losing $30,000 a month. This sets up a fight between the parent company in Spain and the Miami based franchise operator. The fate of this beloved sandwich chain in South Florida now is up in the air. The stores need to stop the money losses and soon. This is the same problem many in South Florida face. Bills mount. Creditors call. Relief is much needed. That is why the Bankruptcy code is there. To help those in need. If this beloved sandwich chain is to survive, bankruptcy is the only way that could happen. If the debts can be handled. If the chain can be set up to turn a profit. Broward, Miami-Dade and Palm Beach residents could be enjoying this food for years to come. Bankruptcy lawyers will be hard at work to make that happen.
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