Questions, And Options, Follow Bennigan's Ch. 7

Law360, New York (July 30, 2008, 12:00 AM EDT) -- When Bennigan's Grill & Tavern and Steak & Ale shuttered more than 300 restaurants in a Chapter 7 bankruptcy filing Tuesday, the franchise started a process that may end up being far more complicated than the average liquidation, some bankruptcy and franchising attorneys say.

Questions over which entity – the parent company or the nearly 140 independent franchisees that are still operating Bennigan's restaurants – own the name of the restaurant will have to be determined. Other issues, including which entities are responsible for the leases...
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