Bar Louie Shuts Down Over a Dozen Locations, Seeks Chapter 11 Bankruptcy Protection
The restaurant chain Bar Louie is planning to file for bankruptcy. Chapter 11 bankruptcy – again. The gastrobar franchise based in Addison, Texas, has filed for bankruptcy on Wednesday in the U.S. Bankruptcy Court located in Delaware. According to legal papers, the company cited "multiple financial and operational difficulties" as reasons for this filing. The bankruptcy submission follows the recent closure of multiple Bar Loui eateries throughout the United States, with some specific sites shutting down in various areas. Detroit , Nashville and East Brunswick, New Jersey . Begin your day with more knowledge. Receive all essential news directly in your inbox every morning. In a press statement released for announcement purposes regarding the bankruptcy Bar Louie stated that the bankruptcy proceedings "are anticipated not to affect the company’s regular activities. Before submitting their filings, Bar Louie had shut down poorly performi...