San Diego, Califormia-based Steakhouse Partners, a 64-outlet strong full-service restaurant chain, has filed for Chapter 11 protection from creditors in the Central District of California located in Riverside.
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By filing under Chapter 11 the company is seeking to retain core locations, eliminate non-competitive leases, restructure its debt, and withdraw from under-performing markets.
Steakhouse Partners believes that the bankruptcy reorganization will be completed by the end of fiscal 2002.
