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Red Lobster owes money to more than 40 WNY businesses, but will they ever get paid?

Monaco Enterprises is among more than 100,000 creditors listed in the Chapter 11 bankruptcy filed May 19 by Red Lobster.
This comes as the national chain faces financial challenges

BUFFALO, N.Y. — When Red Lobster abruptly shut down May 13, Kevin Monaco held out hope that a 25-year relationship with the company would give him a chance at seeing the $15,000-plus owed to his company for landscaping services.

Monaco Enterprises of Western New York, which also runs the Monaco Garden Center in Hamburg, has never been faced with a similar situation in its 27-year history, he said, and this one will hurt.

"For me, the worst part is we had a relationship with them that goes back a couple of decades. The regional managers, they'd call and promise they were going to take care of this, but they string you along," he said. "We've worked with all of them in Erie and Niagara county and they were great to us, until the last six months."

Although Monaco said there's enough demand to make up for the lost future business, he's doesn't think he'll see any of money owed to his company through the bankruptcy process.

Read more from our partners at Buffalo Business First.

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