Tavern on the Green, the storied New York restaurant that filed for Chapter 11 protection last month, has asked a bankruptcy judge for permission to keep using the services of its credit card processors.
In papers filed Tuesday at the U.S. Bankruptcy Court in Manhattan, Tavern on the Green said it gets about 90% of its customer revenue in credit card purchases. The restaurant said that, on average, it pays the processors $30,000 in fees a month. Some part of these fees may remain unpaid, it said.
The restaurant asked Judge Allan L. Gropper to quickly consider this and other requests at an Oct. 27 hearing. Tavern on the Green went bankrupt after learning it would lose its operating license next year.