18 Restaurant Chains That Have Filed for Bankruptcy

The coronavirus pandemic has devastated the restaurant industry. By mid-April of 2020, an estimated 30,000 American restaurants had closed for good and more than 110,000 were expected to shutter by the end of October, according to estimates from the National Restaurant Association. And chain restaurants have not been immune from these closures. Some classic chain restaurants had already been facing tough times amid stiff competition from newer fast-casual restaurants, and were forced to close underperforming locations to cut their losses. The pandemic only made things worse.

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GOBankingRates rounded up all the major U.S. restaurants that have declared bankruptcy over the last year or so. Find out if your favorite spot is on the verge of extinction.

Last updated: April 12, 2021

                         Krystal Holdings
Bankruptcy date: Jan. 19, 2020
Assets: $401 million
Restaurant(s): Krystal
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                         Sun Capital Partners
Bankruptcy date: Jan. 27, 2020
Assets: N/A
Restaurant(s): Bar Louie
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                         American Blue Ribbon Holdings
Bankruptcy date: Jan. 27, 2020
Assets: $14 million
Restaurant(s): Village Inn, Baker’s Square
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Bankruptcy date: Feb. 24, 2020
Assets: $40 million
Restaurant(s): Cosi
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                         FoodFirst Restaurants
Bankruptcy date: April 10, 2020
Assets: $307 million
Restaurant(s): Brio Tuscan Grill, Bravo Italian Kitchen
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                         TooJay's Management
Bankruptcy date: April 29, 2020
Assets: $50 million
Restaurant(s): TooJay’s Deli – Bakery – Restaurant
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                         Sustainable Restaurant Group
Bankruptcy date: May 12, 2020
Assets: $10 million
Restaurant(s): Bamboo Sushi, Quickfish
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                         Garden Fresh Restaurants
Bankruptcy date: May 14, 2020
Assets: $50 million

Restaurant(s): Souplantation, Sweet Tomatoes
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                         PQ New York 9
Bankruptcy date: May 27, 2020
Assets: $3 million

Restaurant(s): Le Pain Quotidien
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                         BarFly Ventures
Bankruptcy date: June 3, 2020
Assets: $1 million
Restaurant(s): HopCat, Stella’s Lounge, Grand Rapids Brewing Co.
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                         CEC Entertainment
Bankruptcy date: June 25, 2020
Assets: $1.7 billion
Restaurant(s): Chuck E. Cheese
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                         Luxury Dining Group
Bankruptcy date: July 3, 2020
Assets: $10 million
Restaurant(s): Fig & Olive
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                         Golden Gate Capital
Bankruptcy date: July 29, 2020
Assets: $13.5 million
Restaurant(s): California Pizza Kitchen
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                         K.G. IM LLC
Bankruptcy date: July 30, 2020
Assets: $50 million
Restaurant(s): Il Mulino

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                         Garbanzo Mediterranean Grill
Bankruptcy date: Aug. 12, 2020
Assets: 1 million
Restaurant(s): Garbanzo
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Bankruptcy date: Sept. 10, 2020
Assets: $10 million
Restaurant(s): Maison Kayser
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                         Sizzler USA
Bankruptcy date: Sept. 21, 2020
Assets: $1 million
Restaurant(s): Sizzler
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                         NRD Capital Management
Bankruptcy date: Oct. 7, 2020

Assets: $146 million
Restaurant(s): Ruby Tuesday

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Jordan Rosenfeld contributed to the reporting for this article.Please note photos are for illustrative purposes only. Some photos are representational and might not depict the restaurant chains listed in this article.

This article originally appeared on GOBankingRates.com: 18 Restaurant Chains That Have Filed for Bankruptcy

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