Avado Brands files for Ch. 11 bankruptcy

MADISON Ga. Avado Brands Inc., parent company of the 91-unit Don Pablo’s and 22-unit Hops Grill & Brewery casual-dining chains, said Thursday that it has filed for Chapter 11 bankruptcy protection and will seek to sell its assets.

This is the second time that Avado has voluntarily filed for bankruptcy, following a February 2004 filing from which it emerged in May 2005. The company said it would sell its assets in an auction to “a better capitalized entity allo

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