Atlantic City’s Celebrity Chef Luke Palladino Files Chapter 7 Bankruptcy

by San Antonio Attorney

Luke Palladino, a celebrity chef based in Atlantic City, has filed for Chapter 7 bankruptcy and his restaurant in South Jersey, Luke Palladino Seasonal Italian Cooking, has been closed permanently.

Palladino, who has operated many well-received restaurants in the area for the past 13 years, has filed Chapter 7 bankruptcy on Sept.  7 in Camden.  Court filings show that he has estimated $50,000 to $100,000 assets and $1 million to $10 million debts.

Palladino owes around 100 creditors, which includes bakeshops, produce dealers, seafood markets, liquor stores, and other suppliers.  He also owes Bank of America, Ocean City Home Bank, automobile companies and other larger companies.

Palladino was considered a celebrity chef in the resort city even before he launched his local restaurants, Specchio and Ombra in Borgata Hotel Casino & Spa.

In 2002, it was announced that Palladino was a partner in some of the restaurants in Borgata and he was invited by the Atlantic Cape Community College to be the featured speaker for a graduating class of Academy of Culinar Arts.

The fine dining restaurants in Borgata are all the rage, mostly because of the restaurants owned by Luke Palladino.

The chef made a number of moves within the city in the past several years, including putting up another Risi Bisi also in Borgata.  He also launched new food spots in Harrah’s Resort and at the Revel Casino Hotel.

He also expanded his restaurant business outside Atlantic City, including putting up Bragozzo in Mississippi and in Florida.

In 2010, he opened a small restaurant named Luke Palladino in at Route 9 and Tilton Road in Northfield.  It had 30 seats and an open kitchen.  The chef received the highest-rating, 4 stars, from a critic for The Press.

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