Sam Seltzer’s, regional steak chain, files for bankruptcy

TAMPA Fla. Sam Seltzer’s Steakhouses of America Inc. filed for Chapter 11 bankruptcy protection on Friday, obtaining a $1 million credit line to support it during its restructuring. The nine-unit operator said in filings that it was forced to seek protection from creditors by debt from a previous expansion and the consumer fallout from weak economic conditions and the rise in fuel costs.

In 2005, the steakhouse chain had announced aggressive expansion plans to

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