Verboten is officially back open after filing for Chapter 11 despite being seized by the State of New York for nonpayment of taxes as you read in our previous article .
An official statement from Verboten has been issued explaining the situation:
Filing for Bankruptcy was the only business move for Verboten and despite their financial problems, Verboten remains open and is dedicated to working with the State of New York to pay their unpaid taxes and honor their remaining contracts.
It looks like this is just the beginning for Verboten in their uphill struggle in paying off what they owe, but they have confirmed many shows well into the future and have no plans of closing down for good anytime soon.
