Branches of Logan’s Roadhouse in NC continue to operate despite bankruptcy
Posted on Tuesday, August 23rd, 2016 at 3:26 pm
All of the branches of Logan’s Roadhouse located in North Carolina are expected to continue operating amid Chapter 11 Bankruptcy filing of its main company, LRI Holdings Inc., an article of the Charlotte Business Journal reported on August 16.
According to reports, the Nashville-based chain restaurant known for traditional American foods sought bankruptcy protection on August 8 and decided to revoke leases in 21 unidentified locations in the U.S. Reports, however, confirmed that all Logan’s Roadhouse locations in North Carolina, four of which are in Charlotte, will continue operation. The restructuring plan of Logan’s Roadhouse aims to eliminate their unprofitable branches. Logan’s Roadhouse currently has 234 branches in 26 states.
Filing for Chapter 11 bankruptcy is actually a viable option if you are optimistic about further improving your business. To learn more about how bankruptcy proceedings may benefit you as an entrepreneur in Fayetteville, speak with an attorney at the Bradford Law Offices, PLLC today by calling (919) 758-8879. We can help you restructure your business to keep your company afloat.