osayler@ozdaltx.UUCP (osayler @ OZ BBS, Dallas,Tx) (10/07/86)
Errol Ratcliffe, owner of Ratcliffe's seafood restaurant
in Dallas, placed his personal and business assets under Chapter
11 bankruptcy protection this last week. The total amount of
assets involved have not yet been disclosed, but Grand Bank is
said to hold a 1.5 million dollar note. Trouble started when
the bank demanded more collateral than Errol could provide, and
so they filed a foreclosure on the restaurant.
Restaurants come and go in Dallas, but Ratcliffe's is somewhat
special. Errol does a great deal to raise the local wine awareness.
He and wine consultant Diane Teitelbaum, developed his restaurant's
wine cellar to such stunning dimensions (750 selection 26,300
bottle inventory) that it won a Wine Spectator's Grand Award
this last August. This wine list is exquisite.
I wish Errol all the best with the reorganization.