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

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The beloved "meat n’ restaurant came to an impasse with its bank negotiating a refinance of its main which is worth more thanits Monell’s attorney Ernest Williams “Monell’s obligation to its principal creditor matured. The bankrupty is to allowe Monell breathing space to obtain replacement loans or to reorganizew througha bankruptcy-court confirmed plan of reorganization,” says of . He added that Monell’s is solvent, payinv its debts as they come due, and operations wouldx not change duringthe negotiation. “It should be able to continue to delivetr the same quality restaurang and catering service it has come to beknowjn for,” he says.
The Nashville institution is basedc in Germantown in an housre on Sixth Avenue owned by president Michael JohnAbraham King, and also leasee a restaurant space in Franklin, with a caterintg arm on 31st Avenue.