CARS HOMES JOBS

Clifton Park strip club claims lack of cash, files for Chapter 11

Thursday, February 14, 2013
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— The Clifton Park strip club Double Vision is having problems with too little of something, and it’s not necessarily related to the clothing on its dancers.

In a Valentine’s Day filing, Double Vision sought Chapter 11 bankruptcy protection, saying it had too little money to satisfy its creditors.

Filing the action was Route Nine Properties, which does business as Double Vision Nightclub on Route 9 in Clifton Park. Owner of Route Nine Properties is listed as Matthew Spagnola.

The filing lists more than $638,000 in liabilities and just $25,000 in assets.

Among the listed creditors are the state Department of Labor and state Department of Taxation and Finance. Labor is claiming $70,000, while Taxation and Finance is claiming $53,000.

The largest overall creditor is listed as a man by the name of Anthony Stracci, who claims $254,000. He has a lawsuit pending against Spagnola and Route Nine Properties, filed in 2009, according to the filing. Individuals Donna Spagnola and Michael Catena, both of Amsterdam, are each listed as claiming $130,000.

Both Stracci’s claim and the claims from the state are listed as disputed.

The overall business income for 2011 is listed in the filing at just under $780,000, up from more than $685,000 in 2010.

The future of the club is not addressed in the filing, but it is listed as remaining open. The club has been around under various names for about 40 years.

The filing also spells out the strip club’s assets, itemizing its machinery, fixtures and equipment. Among the assets listed are tables, stools and flat-screen TVs, as well as the alcohol inventory. Each has its own listed value. Also among the inventory is five couches — one sectional and four regular. They are valued at $100 each.

Spagnola’s attorney is listed as Barbara Whipple. She could not be reached for comment Thursday.

Double Vision’s Facebook page, which had 667 likes as of Thursday evening, had no mention of the filing. It did have a Thursday morning posting from an individual wishing those at the club a happy Valentine’s Day.

Double Vision’s response by late afternoon: “Thank you from all the girls at DV.”

 
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