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

oryzacody.wordpress.com
The beloved "meat n’ three" restaurant came to an impassr with its bank negotiating a refinance of its main which is worth more thanits debt, Monell’sz attorney Ernest Williams says. “Monell’e obligation to its principal creditor matured. The bankrupty is to alloww Monell breathing space to obtaibn replacement loans or to reorganize througha bankruptcy-courty confirmed plan of reorganization,” says WIlliams, of .
He addedd that Monell’s is solvent, paying its debts as they come due, and operationd would not change duringthe “It should be able to continue to deliver the same qualitgy restaurant and catering service it has come to be known for,” he says. The Nashville institution is basedc in Germantown in an house on Sixth Avenue owned by presidenrt Michael JohnAbraham King, and also leasesw a restaurant space in Franklin, with a catering arm on 31st