Another batch of bankruptcies from World Class. Funny coincidence that our two biggest scammer/grifters are both named Nate. The other was a guy who would pretend to be blind and wander into traffic in order to prey on the sympathy of tourists and the unsuspecting.
https://www.bizjournals.com/austin/n..._news_headline
I'll miss Cap City Comedy Club. A lot of acts came through there before making it to movies and arena shows. Also every comic I ever saw there never failed to get a laugh out of something like, "I know I've made it when I can play to a half-empty room on the side of a highway next door to a Bingo parlor."
The Chapter 11 bankruptcy filing for WC South Congress Square lists assets between $50 million and $100 million against liabilities between $10 million and $50 million. A list of creditors with unsecured claims was included with the filing, although the dollar amount attached to each of the claims is listed as "unknown."
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Bankruptcies were also filed by World Class entities that own a shopping center at 8201 to 8209 Burnet Road (WC Teakwood Plaza LLC), a 4.3-acre parcel at 4811 S Congress Ave. (WC 4811 South Congress LLC) and a North Austin shopping center at 8120 Research Blvd. (WC 8120 Research LP) — where Cap City Comedy Club was located before it closed last month.
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