Baltimore restaurant declares bankruptcy to stop foreclosure sale of its building. How this may backfire for the owners

A Baltimore restaurant recently filed for bankruptcy in an effort to prevent the foreclosure sale of its building in Fells Point, reports CBS News (1).

The Black Olive opened nearly 30 years ago in a popular waterfront neighborhood, serving a variety of classic Greek dishes with a Maryland twist. The restaurant’s location — 814-816 S. Bond Street — was scheduled for a foreclosure sale at auction in late February 2026 before the owners filed for bankruptcy at the last second and blocked the sale, according to the Baltimore Sun (2).

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The Black Olive’s owners insist the restaurant will remain open despite the Chapter 13 bankruptcy case.

“This filing has nothing to do with the viability of the restaurant,” Adam Freiman, the restaurant’s attorney, told CBS News. “This is a real estate dispute involving loans that the owners contend have been fully satisfied, and which the bank disputes.”…

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