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Winstead's Steakburgers files for bankruptcy

Big money-raisers tend to be big winners
Posted at 7:18 AM, Mar 10, 2020
and last updated 2020-03-10 08:18:55-04

KANSAS CITY, Mo. — Local burger restaurant Winstead's Steakburgers has filed for bankruptcy in Kansas.

Documents cited nearly $600,000 in owed debts and less than $50,000 in assets as reason for the filing.

The debts include over $145,000 owed to the Missouri Department of Revenue for taxes.

The company filed for Chapter 11 bankruptcy on Feb. 23 of this year.

Winstead's has been operating as a tradional burger and fountain shop since 1943 and is a popular spot for shakes and malts in the Kansas City area.

The Winstead's Company ownership group, Haddad Restaurant Group, Inc., also filed for bankruptcy.