‘Oversaturated’ market led R.J. Gator’s to seek bankruptcy protection, filing says

JUPITER Fla. R.J. Gator’s Florida Sea Grill and Bar’s decision to file for Chapter 11 bankruptcy protection late last month stemmed from heightened competition in the South Florida dining market, a handful of underperforming stores and high interest on debt, court papers said.

The 23-unit casual dinnerhouse chain, which was founded by Tim Timoteo in 1986, reported in its bankruptcy filing that debt totaled about $4 million, $1.3 million of which was owed to

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