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Max & Erma's files for bankruptcy
The restaurants remain open
Updated: Monday, 26 Oct 2009, 1:07 PM EDT
Published : Monday, 26 Oct 2009, 12:44 PM EDT
PITTSBURGH (AP) - Max & Erma's Inc. has filed for Chapter 11 bankruptcy protection from its creditors, listing between $1 million and $10 million in debts.
The hamburger and casual dining chain, based in Columbus, Ohio, has 79 company-owned restaurants and 27 owned by franchisees. Most are in Pennsylvania, Ohio and Michigan, though the chain has a few locations in Kentucky, Indiana, and in Chicago, Atlanta and Washington, D.C.
The restaurants remain open.
G&R Acquisitions, which is based in Pittsburgh, bought Max & Erma's for $10.2 million in April 2008.
Documents filed Friday in U.S. Bankruptcy Court in Pittsburgh said Max & Erma's has between 200 and 999 creditors.
Typically, companies file for Chapter 11 protection so they can reorganize or restructure debt without the pressure of paying creditors.
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