After holding on for months, Ruby Tuesday filed for Chapter 11 bankruptcy in early October of 2020. The coronavirus pandemic has wreaked havoc on businesses of all types, but few establishments have suffered more than restaurants. Chain restaurants have combined to close more than 1,500 locations since the pandemic began. Despite receiving $6.4 million in Paycheck Protection Program (PPP) funds, Florida-based deli chain TooJay's filed for federal bankruptcy protection at the end of April 2020, citing coronavirus as the cause. Unfortunately, in December 2020, citing the pandemic, the company filed for bankruptcy. And more have closed since then, including restaurants in California, Texas and South Carolina last year. The parent company of the Belgian-based bakery chain announced that it would be selling off the U.S. arm for just $3 million. By Steven John. We're hoping these 7 Popular Restaurants That May Not Survive the Coronavirus Pandemic aren't the next victims of the coronavirus. An early victim of the effects of COVID-19, bakery, sandwich, and pastry chain Le Pain Quotidien filed for bankruptcy in May of 2020. Luckily, this doesn't spell the end for LPQ. Some 185 locations were closed permanently, while another 230-plus restaurants remain in operation while the parent company looks to consolidate debt and likely be sold off. These two small restaurant chains—with a combined 10 locations across the West Coast—brought sustainable seafood to the forefront. Anyone who has worked the back of the house at a popular restaurant knows how chaotic the kitchen can feel during a restaurant “rush” hour—knives, spoons, and spatulas being swung around, glassware flying, line cooks and sous chefs furiously plating food and sending it out. Some will be trying to stick around, while others will be gone for good. An early victim of the effects of COVID-19, bakery, sandwich, and pastry chain Le Pain Quotidien filed for bankruptcy in May of 2020. That's because restaurants across the country had to shutter their doors due to COVID-19 dining restrictions. They had already been losing money before the pandemic, but its advent accelerated the folding. There's no way to sugarcoat it: … This was not a great surprise, however. Founded in the late 1970s and at one point numbering nearly 100 locations under both the names Souplantation and Sweet Tomatoes, this all-you-can-eat style buffet restaurant did not survive the COVID-19 pandemic. The progressive push for higher minimum wage laws has had perfectly predictable results: lower-income people are most harmed, businesses switch to robots, businesses shutter, or as in the case of west coast Restaurants Unlimited, Inc., they simply file for bankruptcy. Chuck E. Cheese was already carrying a debt load of more than a billion when the pandemic forced the shuttering of all of its locations nationwide. Restaurants that couldn't pivot to a takeout model (which was the only way for restaurants to stay in business for multiple weeks) had to close, and many of them won't be reopening. Not all bankruptcies result in outright liquidation. Companies can also use bankruptcy as … Speaking of delivery, do you know about these 7 Worst Takeout and Delivery Foods Ever? You'll never eat in these institutions again. Your favorite childhood restaurant is at risk of closing forever. During the next few months, the company managed to restructure and eliminate nearly a quarter of a billion in debt and by the late fall, California Pizza Kitchen emerged from bankruptcy. When states mandated that restaurants and bars close due to coronavirus, Craftworks couldn't keep their restaurants afloat. Sizzler USA: The restaurant chain, which was one of the country's first casual restaurant chains, filed for bankruptcy because of Covid-19 lockdowns that forced it to temporarily close its restaurants' dining rooms. Nearly half of the casual restaurant chain's 90 locations closed after it filed for bankruptcy. Sadly, the operator of 98 Le Pain Quotidien restaurants, PQ New York Inc., filed for Chapter 11 bankruptcy in late-May 2020. The company, which is down to 59 locations from … The impact isn’t just being felt by bar and restaurant owners. One of the last-ditch efforts many restaurants will take to save their businesses is to file for bankruptcy. Vapiano The logo of restaurant chain … And this week, we learned of yet another filing: Punch Bowl Social just announced that it is filing for Chapter 11 bankruptcy.Conceived as an "eatertainment" chain, the restaurant paired the … This was not a great surprise, however. We pulled together a list of restaurant companies that have filed for bankruptcy this year. Vegan fast-casual restaurant By CHLOE opened its first location in New York City in 2015, and within a few years, had multiple locations in the U.S, plus five in London and one in Canada. For more restaurant news, here are the beloved restaurant chain dishes that are gone forever. New York-based restaurant operator Aurify Brands bought all 98 U.S. locations of the restaurant and plans to reopen at least 35. By late August, the parent company CC Entertainment filed for bankruptcy, and, now, the future of the 43-year-old company is unclear. Stay informed and get the latest food news delivered straight to your inbox by signing up for our newsletter. With the Italian chains struggling with sales prior to the pandemic, COVID-19 pushed the parent company for Brio Italian Mediterranean and Bravo Fresh Italian over the edge to file for Chapter 11 bankruptcy protection in mid-April 2020. When coronavirus forced dining room closures, these chains could no longer survive. The 62-year-old company said that it's using the bankruptcy process to reduce debt and renegotiate its leases. Hopefully, something can be done to pull some of these out of their financial struggle. December 25, 2020. This Popular Chain Restaurant Just Filed for Bankruptcy. Amid the coronavirus outbreak, that number climbed to 71 of its 92 restaurants. Pizza Hut has been selling pizza like crazy and NPC hopes to use cash to maintain operations, pay benefits for employees, and pay vendors for goods and services. Like with Wendy's and Pizza hut above, IHOP is not going under. Before you get too concerned: Wendy's and Pizza Hut are not going out of business. According to S&P Global, there have been more than 50 retail bankruptcies … Marie Callender’s Restaurant & Bakery, formerly a sister chain of Perkins, was not included in the Huddle House purchase. Sweet Tomatoes, which operates as Souplantation in Southern California, had a good run. These are the restaurant chains that have had to declare bankruptcy due to the pandemic. In this case, the business, or in this case the restaurant, isn't closing for good—yet. 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