"The hits just keep on coming for the restaurant industry in 2025 with news that Ray Ray's Hog Pit has filed for Chapter 11 bankruptcy. The Ohio-based barbecue chain started as a food truck and then expanded to brick and mortar, growing to seven locations at its peak. However, by November 2025, the company announced that it would be closing three of its restaurants."
"Though this news isn't great for the chain, it doesn't necessarily mean that they're going out of business. Chapter 11 bankruptcy is specifically designed to allow debt restructuring while the business remains in operation. In filing the paperwork, Ray Ray's parent company reported $264,349 in assets and $1.26 million in liabilities. There is potential for the company to make the necessary adjustments and successfully reorganize."
Ray Ray's Hog Pit filed for Chapter 11 bankruptcy after growing from a food truck to seven brick-and-mortar locations at its peak and announcing three closures in November 2025. The parent company reported $264,349 in assets and $1.26 million in liabilities while planning to concentrate operations on four remaining sites that include two dine-in locations, one with drive-thru and walk-up service, and one walk-up only. Chapter 11 provides a path for debt restructuring and continued operation, and there are precedents of chains surviving bankruptcy. Rising meat costs — ground beef up 13% and steak nearly 17% year-over-year in August 2025 — likely strained the barbecue business.
Read at Tasting Table
Unable to calculate read time
Collection
[
|
...
]