Ramsi’s Cafe on the World Louisville files for Chapter 11 bankruptcy

LOUISVILLE, Ky. – Ramsi’s coffee on the world, which has served international dishes for nearly three decades at its Highlands location on Bardstown Road and opened a second location at Norton Commons this summer, file bankruptcy Chapter 11.

Owner Ramsi Kamar filed the case Wednesday in U.S. District Court for the Western District of Kentucky, according to court records online.

Kamar has stated assets estimated between $ 0 and $ 50,000 and liabilities estimated between $ 500,000 and $ 1 million on the file.

Creditors for the restaurant who owe money, according to the record, include the Internal Revenue Service, Aramark, the Kentucky Department of Revenue and the Louisville Department of Finance as well as the US Small Business Administration and Corporation Service Company.

Filing for Chapter 11 bankruptcy doesn’t mean Ramsi is necessarily out of breath, as Chapter 11 allows a company to restructure its debts and pay them off over time.