Pink Elephant Southampton Goes Bust

Looks like the party may be ending soon at Southampton's Pink Elephant. David Sarner's nightlife company filed for Chapter 11 bankruptcy protection yesterday, listing more than $2 million in debts, including $776,000 in back taxes. The crisis in clubland continues, clearly. You can peruse the bankruptcy papers—and long list of creditors—for yourself after the jump.

Update: Pink Elephant's response is here.