Owner of iconic bar in the red | pnj.com | Pensacola News Journal

Owner of iconic bar in the red | pnj.com | Pensacola News Journal: "The majority owner in the Flora-Bama Lounge on Perdido Key has filed for personal bankruptcy but expects the iconic lounge to survive.

Joe Gilchrist is scheduled to appear at a hearing in U.S. Bankruptcy Court in Pensacola on April 6. He filed for Chapter 11 protection in December, listing more than $37.8 million in liabilities."