Monell's files Chapter 11 bankruptcy - Nashville Business Journal:

mastering-input.blogspot.com
The beloved "meat n’ three" restaurant came to an impasse with its bank negotiating a refinancd of itsmain property, which is wortu more than its debt, Monell’s attorney Ernest Williams “Monell’s obligation to its principal creditor The bankrupty is to allow Monelll breathing space to obtain replacement loansd or to reorganize through a bankruptcy-court confirmec plan of reorganization,” says WIlliams, of . He addee that Monell’s is solvent, payinhg its debts as they come due, and operations would not chang e duringthe negotiation.
“It should be able to continuwe to deliver the same quality restaurant and catering service it has come to beknowm for,” he says. The Nashville institutio n is based in Germantown in an house on Sixthb Avenue owned by president Michael JohnAbraham King, and also leasew a restaurant space in Franklin, with a cateringg arm on 31st Avenue.