L'Auberge, a highly praised French restaurant in Fells Point, has filed for Chapter 11 bankruptcy protection, staving off the Small Business Administration's plans to auction off the business.
Janet Marie Chaubron, co-owner of the business with her husband Georges, said the restaurant at 505 S. Broadway will remain in business and attempt to reorganize. The filing, in the name of the restaurant's parent, Mani Inc., listed assets of $182,670 and liabilities of $134,311.
Ms. Chaubron said the March 20 filing stemmed from the SBA's attempts to collect on a loan made to the company that operated the restaurant preceding L'Auberge at its location. Mr. Chaubron, who had been the chef at the earlier restaurant, which also filed for bankruptcy, was personal guarantor on the SBA loan.