- 5 -5 By the end of May 1992, petitioners began to suspect that the Dubatos were having serious financial problems because they started “letting people go” and because they were not meeting many of their expenses. At that point, Mrs. Bauer went to Drunken Lobster once a week, not so much to assist, but to “bug” the Dubatos for payment. Petitioners offered to accept $500 every other week, without interest, if the Dubatos would just start paying them back. The Dubatos, offering only excuses, did not agree with that arrangement. Throughout 1993, the Drunken Lobster ran on a skeleton budget and crew. In fact, there were days that the Drunken Lobster did not open. The Dubatos permanently closed the Drunken Lobster in October 1993. At no time during 1993, did petitioners advance the Dubatos additional funds, despite the fact that the Dubatos requested them to do so. Petitioners did not take legal steps to collect on the debts (other than possibly writing one demand letter) because the Dubatos had no assets from which to satisfy their debts. Petitioners’ personal observations of the Dubatos’ financial situation revealed that they owned no assets outright and that they had leased everything, including the three-bedroom house in which they lived, the premises where the Drunken Lobster was located, and all the Drunken Lobster’s property and equipment (i.e., kitchen equipment, tables, chairs, tablecloths,Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: May 25, 2011