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

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.