By Anica Padilla

LAKEWOOD, Colo. (CBS4) — An iconic Colorado restaurant has filed for Chapter 11 Bankruptcy. The owners of Casa Bonita in Lakewood filed papers in Arizona last week.

Casa Bonita (credit: CBS)

Chapter 11 gives a business the chance to reorganize their debt and pay creditors over time. The court documents do not specify how much the company owes.

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Casa Bonita is famous for its bright pink façade, cave divers who jump from a three-story indoor waterfall, Mariachi music and skits featuring someone in a gorilla costume.

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(credit: Hyoung Chang/The Denver Post via Getty Images)

Just last month, owners announced Casa Bonita would re-open “soon” in a posting on their website.

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(credit: Hyoung Chang/The Denver Post via Getty Images)

The restaurant, which opened in 1974, shut its doors in March 2020, at the beginning of the COVID-19 pandemic.

Anica Padilla