#restaurant-bankruptcy

#restaurant-bankruptcy

Many American families who dined out during the '90s and 2000s have fond memories of Bennigan's. With its cozy Irish pub-inspired decor and menu of hearty American classics, it's no wonder that customers were disappointed when the chain went bankrupt and closed most of its restaurants in 2008. Now, 17 years later, this failed restaurant chain we actually miss is hoping for a comeback, opening new locations and expanding its presence across the country once more.

Restaurants have always been a tough business, made even more so since the COVID-19 pandemic. Restaurant bankruptcies seem to happen on a fairly regular business, even to big name chains such as Red Lobster and TGI Friday's. Filing bankruptcy (especially chapter 11 bankruptcy, which is basically a restructuring) does not necessarily mean the end of a restaurant chain. Some companies have declared bankruptcy more than once, including Friendly's, which has beat it twice and avoided total failure.