The companies behind 5 Atlanta restaurant chains filed for Chapter 11 bankruptcy protection last week, the Atlanta Business Chronicle reports.
The entities that control Joe’s on Juniper, Einstein’s, Garrison’s Broiler & Tap, Sugar Shack, and Metrotainment Bakery filed for Chapter 11 on June 13th in order to reorganize the companies. This comes in the wake of a judgment ordering the companies to repay over $2.1 million to Miller Capital Ventures for defaulted loan payments, accrued interest, late charges, and attorney’s fees. The principal amount at issue in the suit was a $1.45 million loan, $73,279.38 in late fees, accrued pre-judgment interest of $487,955.56, and $132,000 in attorney’s fees.
The four companies are Political Concepts, LLC, (DBA Joe’s on Juniper), Peach State Restaurants, LLC (DBA Einstein’s), Vinings Dining (DBA Garrison’s Broiler & Tap), and Mystical Pizza, LLC (DBA Metrotainment Bakery and Sugar Shack.)
Behind all of these companies are
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