Bankruptcy filing shows financial woes for The Kibitz Room

A popular Cherry Hill restaurant saw a 12% drop in gross revenues last year, according to a bankruptcy court filing.

The operator of The Kibitz Room noted cash on hand of approximately $2,900 and additional assets of approximately $75,000, a Feb. 18 filing showed.

Kibitz Management Inc. reported liabilities of approximately $240,000. That includes more than $7,000 owed to the New Jersey Division of Taxation, the only secured creditor…

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