By: Mike Stetzer
January 31, 2011
Wendy Jonas, the proprietor of the now-closed Mainland Inn restaurant in Mainland, Pennsylvania, recently filed for Chapter 7 bankruptcy, delaying the foreclosure sale of the historic property.
According to the Lansdale Reporter, Wendy and Donald Jonas have owned the property for more than 22 years. The Mainland Inn was closed during the summer of 2010, though the couple had specified at the time that the closure would be temporary.
In August of last year, the First Savings Bank of Perkasie initiated foreclosure proceedings on the property. Its foreclosure sale was delayed by the bankruptcy filing, and the building is now scheduled to be auctioned in April, according to the news source. According to the bank's foreclosure attorney, his client is hopeful that the foreclosure delay caused by the Chapter 7 bankruptcy filing will give the couple time to find a buyer for the building and the restaurant business.