Unfortunate news: According to Crain's New York Business, Elementi, a Park Slope Italian restaurant on Seventh Avenue between Garfield and Carroll, filed for Chapter 11 bankruptcy protection on Monday. In just three weeks they will be celebrating their two-year anniversary.

According to the magazine, the restaurant cited assets below $50,000,
along with liabilities between $100,000 and $500,000.

Elementi, an Italian eatery, opened two years ago in the space that housed longtime sports bar and restaurant, Snooky's. Like Snooky's, the restaurant rented out their upstairs party space, a popular feature of both restaurants.

Here are the details listed in Crains: Elementi owes money to 49 creditors, including the  landlord
140 7th Avenue Corp., which is owed more than $63,000 in rent, and the
Internal Revenue Service, to which Elementi owes more than $92,000 in
payroll taxes

Elementi is still open for business. They can stay in business after filing Chapter 11 (just like GM). 

Earlier in the week I heard that Tempo is going out of business. Tempo Presto is already closed.