NYC sandwich chain files for bankruptcy

NEW YORK Starwich, a fast-casual sandwich concept here, has filed for Chapter 11 bankruptcy protection, explaining in court papers that it was caught between escalating costs and decreased demand for its pricey fare.

Starwich, which is owned by Spiro Baltas and Michael Ryan, said in its bankruptcy filing that it would seek to sell itself as it reorganizes.

According to the filing, the four-unit company reported $1.2 million in liabilities, including $