Chapter 7 Bankruptcy Tapestries
Description: Steak and Ale was an American chain of casual dining restaurants that went bankrupt in 2008. However the brand, recipes and other intellectual property associated with the former chain are currently owned by Legendary Restaurant Brands, LLC, the parent company for Bennigan's. Steak and Ale was founded as an independent restaurant chain in Dallas, Texas, on February 26, 1966, by Norman E. Brinker. On July 29, 2008, the chain's remaining 58 locations closed as part of a Chapter 7 bankruptcy proceeding.
Description: Steak and Ale was an American chain of casual dining restaurants that went bankrupt in 2008. However the brand, recipes and other intellectual property associated with the former chain are currently owned by Legendary Restaurant Brands, LLC, the parent company for Bennigan's. Steak and Ale was founded as an independent restaurant chain in Dallas, Texas, on February 26, 1966, by Norman E. Brinker. On July 29, 2008, the chain's remaining 58 locations closed as part of a Chapter 7 bankruptcy proceeding.
