Economy Takes Bite Out of H&H Bagels

WRC_0000000007693604_1200x675_323859523618.jpg

A company behind one of the city's most beloved bagel makers says it is bankrupt.

H&H Bagels founder Helmer Toro sought Chapter 11 protection this week for one of the entities that make up the business.

In court papers, he blames the economy and a rent dispute for the problems of the company, Garden Operation Realty.

The court filing listed $5.1 million in debt. The company said it believed it could recover.

The bankruptcy filing will put a hold on a separate legal action that might have led to H&H getting locked out of a bakery in Secaucus, N.J.

The H&H shop on Manhattan's Upper West Side remains open, as does a shop on West 46th Street.

Copyright AP - Associated Press
Contact Us