801 Restaurant Group Files for Chapter 11 Bankruptcy to Restructure Debt

Bankruptcy Filing Details

New York Post reported that 801 Restaurant Group filed for Chapter 11 bankruptcy on April 10 in Bankruptcy Court in Kansas.

The group cited the need to restructure debt and keep operating its restaurants in the bankruptcy filing, according to 801 Restaurant Group. 7 million in bankruptcy documents. The bankruptcy case will remain active through the spring with hearings scheduled for May, New York Post reported.

The purpose of the Chapter 11 filing is to restructure these and other obligations for which 801 Restaurant Group has liability, according to 801 Restaurant Group.

Impact on Operations

The companies that own and operate the restaurants are not in bankruptcy, according to 801 Restaurant Group.

There are no plans or need for the companies that own and operate the restaurants to file bankruptcy, the group stated. The individual restaurant companies operating successfully are not impacted by 801 Restaurant Group's Chapter 11 filing, according to 801 Restaurant Group. As of April 16, none of the 801 Chophouse locations have closed, New York Post reported.

Reservations remain available at multiple 801 Chophouse locations nationwide, according to New York Post.

Restaurant Locations and Closures

801 Chophouse has locations in Des Moines, Iowa; Omaha, Nebraska; Leawood, Kansas; Kansas City, Missouri; St.

Louis; Minneapolis; Denver; and Tysons Corner, Virginia, New York Post reported. The financial problems of 801 Restaurant Group have stemmed mostly from the closure of 801 Fish in downtown Denver and 801 On Nicollet, formerly 801 Fish, in Minneapolis, according to 801 Restaurant Group.

801 On Nicollet abruptly shuttered before the bankruptcy filing became public, five months after it opened, according to Twin Cities Business Journal.

Company Background

801 Restaurant Group is family-owned, New York Post reported.

801 Restaurant Group was founded in 1993, according to New York Post. 801 Restaurant Group has several 801 Fish and 801 Local locations beyond its anchor 801 Chophouses, New York Post reported. 801 Chophouse is a chain of upscale steakhouses, according to New York Post.