Prive Las Vegas Bankrupt

Prive Vegas LLC, which owns both Prive Las Vegas and The Living Room, filed for Chapter 11 Bankruptcy. Court filings show that the nightclub company has assets totaling less than $50,000 and debts estimated to be somewhere around $10 million.  Vegas Nightclub Partners LLC, Prive’s largest creditor, is reportedly owed $2.2 million.

The clubs problems started last year when they were given three violations for allowing topless and lewd activity in the nightclub. Both of their night clubs were also shut down after the owners’ liquor license was  revoked by the county.

The clubs new owners, who are currently operating with a  temporary liquor license, are reportedly trying to keep the clubs open while the organization is restructured.  The Bankruptcy Judge approved a motion which will allow the owners to keep paying it’s 100 employees.