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The Miami-based company listed debts of more than $690 million and assets of $390 million, according to a filing with the U.S. Bankruptcy Court for the Northern District of Texas obtained by USA ...
On the heels of closing scores of locations in recent weeks, Buca di Beppo has filed for Chapter 11 bankruptcy in a Texas district court, court documents filed Monday show. The company blamed its ...
Why Fridays Is Filing for Chapter 11. TGI Fridays Inc. — the owner and operator of 39 domestic restaurants — filed for Chapter 11 bankruptcy on Nov. 2 as a strategic move to address financial ...
Texas two-step proponents, like Johnson & Johnson and its lawyers, have argued that Texas two-steps are not inherently bad-faith, and that in the context of mass-tort litigation bankruptcy is fairest way to address large numbers of personal injury claims. Unlike in traditional courts hearing cases brought by many different people, bankruptcies ...
Companies that filed for Chapter 11 bankruptcy in 2018 (1 C, 107 P) Companies that filed for Chapter 11 bankruptcy in 2019 (92 P) Companies that filed for Chapter 11 bankruptcy in 2020 (189 P)
According to court documents, 150 restaurants that were operated by those chains were part of the bankruptcy filing. According to a court filing by Ovation, the company had $186.3 million in liabilities and $160.2 million in assets. [8] Due to the COVID-19 pandemic, all of the buffet-style restaurants closed in March 2020. Five locations ...