Bankruptcies loom as troubled economy threatens ailing restaurant companies

Bankruptcies loom as troubled economy threatens ailing restaurant companies

After filing for Chapter 11 bankruptcy protection last September, the owner and franchisor of the R.J. Gator’s Florida Sea Grill and Bar restaurant chain reportedly staged two auctions last fall in an attempt to sell off five corporate units in Florida. But there were no bids.

Owner J&D Restaurant Holdings, based in West Palm Beach, Fla., was forced to convert the bankruptcy from Chapter 11 reorganization to Chapter 7 liquidation in mid-December, closing the five remaining corporate l

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