By PE News
on March 11, 2011 5:10 PM
Corona City Councilman Steve Nolan has filed for personal bankruptcy, citing almost $2 million in business debts that include $3,361 owed to the city’s Department of Water and Power.
He is seeking Chapter 7 protection, which eliminates most debts except for taxes.
Nolan cited a faltering economy that kept diners home when he closed a Backwoods BBQ restaurant on Green River Road last July and moved another from a large McKinley Street building last August.
He briefly tried to make a go of it in the old Santa Fe Depot late last year but moved out after struggling to comply with zoning requirements.
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