The company that bought the right to market the name of the legendary New York City rock club CBGB has filed for bankruptcy.
The venue closed in 2006, but investors bought its name and intellectual property rights in 2008, hoping to revive the brand by selling T-shirts and other memorabilia.
CBGB Holdings LLC filed for Chapter 11 bankruptcy protection Friday in Manhattan.
The company has listed debts of $1 million to $10 million in its court filing. The petition does not say why the company was seeking bankruptcy protection.
An attorney for CBGB Holdings did not immediately return a call seeking comment.
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