801 Chophouse owners file for bankruptcy as chain restructures

801 Restaurant Group filed for Chapter 11 on April 10 to restructure debt; the company says the individual restaurant operators are not in bankruptcy and no 801 Chophouse locations had closed as of April 16.

The parent company of the 801 Chophouse restaurants, 801 Restaurant Group, filed for Chapter 11 bankruptcy on April 10 and said the filing is intended to restructure debt. The group reported that some of its financial strain followed the closures of two of its 801 Fish locations. The company also said the individual companies that own and operate the restaurants are not in bankruptcy and have no plans to file. As of April 16, none of the eight 801 Chophouse locations have closed. Key facts: - 801 Restaurant Group filed a Chapter 11 case in U.S. Bankruptcy Court in Kansas on April 10 and lists roughly $18.7 million in liabilities, according to filings reviewed by USA TODAY. - The company stated that the restaurant-operating entities are not in bankruptcy and are not planning to file. - The group attributed its need to restructure in part to the closure of 801 Fish in downtown Denver and 801 On Nicollet in Minneapolis. - Company statements and court filings say daily restaurant operations are expected to continue during the restructuring, and no 801 Chophouse locations had closed as of April 16. Summary: The Chapter 11 filing is presented as a step to restructure liabilities while allowing restaurants to keep operating during the process. Company statements indicate the operating restaurant entities are not in bankruptcy and that locations remain open. Undetermined at this time.