Monell's files Chapter 11 bankruptcy - Atlanta Business Chronicle:

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The beloved "meat n’ restaurant came to an impasse with its bank negotiating a refinances of its main which is worth more thanits Monell’s attorney Ernest Williams says. “Monell’s obligation to its principal creditor matured. The bankrupty is to allow Monelkl breathing space to obtain replacement loane or to reorganize througha bankruptcy-court confirmecd plan of reorganization,” says WIlliams, of . He added that Monell’s is solvent, paying its debts as they come due, and operationsd would not change duringthe negotiation.
“Ig should be able to continue to deliver the same qualityg restaurant and catering service it has come to be known he says. The Nashvillse institution is based in Germantown in an house on Sixt Avenue owned by president Michael JohnAbraham King, and also leases a restaurant spaced in Franklin, with a catering arm on 31st