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Pandemic Forces Small Restaurants to Make Tough Bankruptcy Choices
The 2020 pandemic and resulting economic upheaval has left many sectors of the economy — and employees and others who depend on them — in distress. Others have navigated the current environment better than expected. For example, for operators of hospitality businesses, it has been one reality; for video-conference companies, it has presented an opportunity. Perhaps no sector has been more challenged than the restaurant industry. And, as is often the case, these difficult situations and the resulting tough choices must be addressed in the bankruptcy system.
While most media attention has been reserved for large economic retailers like Neiman Marcus and J.C. Penney, and large restaurant chains, today we report on a small restaurant chain and the choices that it had made.
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