Bennigan's, Steak & Ale File For Bankruptcy

• July 30, 2008

Restaurant chains Bennigan's and Steak & Ale have filed for Chapter 7 bankruptcy protection and will shut their doors.

The companies filed for bankruptcy protection on Tuesday in the Eastern District of Texas. Their parent company--privately held Metromedia Restaurant Group--is based in Plano, Texas.

In a Chapter 7 bankruptcy filing, a company seeks to liquidate its assets and shut down.--Nina M. Lentini