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Bankruptcy Reorganization Chapter 11

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March 28, 2009

Tumbleweed, Inc. Files For Chapter 11

Restaurant chain, Tumbleweed, Inc. filed for chapter 11 bankruptcy protection yesterday at the United States Bankruptcy Court for the Western District of Kentucky.  The debtor, based in Louisville, listed between $10-$50 million in assets on its filing.  The top unsecured creditor is listed as GE Capital with a $18 million claim ($10 secured).

The debtor operates casual "Tex-Mex" style restaurants in Ohio, Kentucky and Indiana.

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Posted on March 28, 2009 in Food/Beverage | Permalink

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