Logan’s Roadhouse, the Nashville-based chain restaurant, will file for bankruptcy.
According to a report by Bloomberg News, the company plans to file for Chapter 11 protection sometime in the next month.
The plan, however, could change and Logan’s has not officially made the move, which will shield it from its creditors and allow it to reorganize.
The restaurant, with 250 locations in 26 states, announced earlier this year that it was skipping debt payments due in April, and planned to put off filing its annual and quarterly earnings reports.
With a forbearance agreement with its lenders due to expire on August 15, the move would mean the company would be unable to pay its creditors.
“The company’s leadership continues to be committed to Logan’s future success,” Brad Jacobus, VP of Marketing for Logan’s, told Bloomberg in an email.
There are two Logan’s Roadhouse locations in the Williamson County area: 7087 Bakers Bridge Ave in Franklin and 2008 Crossings Blvd in Spring Hill.
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