Monell's files Chapter 11 bankruptcy - Nashville Business Journal:

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The beloved "meat n’ three" restaurantt came to an impasse with its bank negotiating a refinancde of itsmain property, whichj is worth more than its debt, Monell’s attorneyg Ernest Williams says. “Monell’s obligatiob to its principal creditor matured. The bankrupty is to allowa Monell breathing space to obtain replacement loan or to reorganize througha bankruptcy-courtg confirmed plan of reorganization,” says of . He added that Monell’s is paying its debts as theycome due, and operationsw would not change durinvg the negotiation.
“It should be able to continue to delivee the same quality restaurant and cateringg service it has come to beknownh for,” he says. The Nashville institution is basede in Germantown in an house on Sixth Avenu owned by president Michael JohnAbraham King, and also leases a restaurant space in with a catering arm on 31st