Hungry For Cash, Casual Dining Cos. May Flock To Ch. 11

Law360, New York (February 12, 2014, 8:00 PM EST) -- Distressed investors have been jumping on opportunities to buy casual dining restaurants’ debt in recent months, and while some struggling chains are managing to restructure themselves out of court, experts say low revenues could lead to a boost in Chapter 11 filings.

Recent bankruptcy filings in the sector include Furr’s Cafeteria parent Buffet Partners LP earlier this month, and F&H Acquisition Corp., parent of the Fox & Hound and Champps chains, in December. While individual brands have their own unique issues ranging from outdated concepts to...
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