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Here are the 10 notable restaurant chains that filed for bankruptcy protection in 2024: Roti Mediterranean fast-casual chain Roti filed for Chapter 11 bankruptcy protection on Aug. 23.
As is normal to Chapter 11 filings, the company has secured a “commitment for debtor-in-possession financing” to support operations while working through the bankruptcy process.
Uno Restaurant Holdings Corp. closed 16 of its restaurants and filed for Chapter 11 protection on January 20, 2010. [ 11 ] [ 12 ] The company's initial stated intention at the time of the bankruptcy filing was to convert $142 million of Senior Secured Notes due 2011 into the new equity of the company after emergence from Chapter 11. [ 13 ]
Lawyers practice in multiple areas and your best bet would be to go with someone who specializes in bankruptcy law. Attorneys who dabble in a little of everything are likely not aware of the ...
The closures were in Colorado, Kansas, Illinois, Tennessee, Florida, Michigan, and Minnesota. [8] [9] Later that month, Perkins & Marie Callender's Inc. filed for Chapter 11 bankruptcy. PMCI closed 65 restaurants and laid off 2,500 workers. In the bankruptcy proceedings PMCI listed assets of $290 million and liabilities of $441 million.
By mid-April of 2020, an estimated 30,000 American restaurants had closed for good and more than 110,000 were expected to shutter by... 18 Restaurant Chains That Have Filed for Bankruptcy Skip to ...
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