Bennigan’s, Steak & Ale Files For Bankruptcy Protection

Usually, I do not cover business news, I mean, where is the weird and strange in that? Yet everyday I go from site to site looking for inspiration for my writing and if I find it warrants it, or maybe does not but I like it anyway, I clip it. This was sent to me by a friend in Dallas and it made me start wondering… My Muse can go bonkers at times and give me ideas that seem even to wild for me, but heck, let’s give it a try.

Here are roughly two fairly successful restaurants. Seems that “success” does not always add up to Moola. After the expenses are paid there will not be enough left to pay 49 creditors… well, that is weird, why not almost 50 creditors? Could there be a “secret creditor?”
My Muse giggles creepily as she whispers in my ear that Faust & Co. do not normally collect for services owed in a legal court… and that is when my brain went screaming into the night!
I guess, much like certain rare species, Muses are better off if you never, ever feed them after midnigh

clipped from www.myfoxdfw.com
Bennigan’s Files For Bankruptcy Protection

NEW YORK
– 
Restaurant chains Bennigan’s and Steak & Ale have filed for Chapter 7 bankruptcy protection and will shut their doors.

The companies filed for bankruptcy protection in the Eastern District of Texas. Their parent company — privately held Metromedia Restaurant Group — is based in Plano, Texas.

In a Chapter 7 bankruptcy filing, a company seeks to liquidate its assets and shut down.

In the filing, the company indicated that it has up to 49 creditors. It said it will have no funds left after administrative expenses are paid to repay its creditors.

Neither Bennigan’s nor the Metromedia Restaurant Group returned calls for comment.
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Published:
July 30, 2008 / 2:53 am
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