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Furr's cafeteria owner seeks bankruptcy
 Moderated by: Kevin McCarthy
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 Posted: Wed Feb 5th, 2014 09:56 pm
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Bob Of Burleson
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Furr's Fresh Owner Files
for Chapter 11 Protection


Associated Press


Buffet Partners LP, which operates the Furr's Fresh Buffet regional restaurant chain, said Tuesday that it will file for Chapter 11 bankruptcy protection in an effort to restructure its debt load.

The company said all 29 of its restaurants, located across Arizona, Arkansas, New Mexico, Oklahoma and Texas, will remain open. Its Lubbock, Texas-based Dynamic Foods operation will continue to provide food and menu items to both Furr's stores and third-party customers. Buffet said it hopes to exit Chapter 11 as soon as possible.

"With the challenges facing our industry and the liquidity constraints due to our indebtedness and the recent ice storm, we need to explore options to restructure our debt, recapitalize, and position ourselves for future growth," said CEO Barry M. Barron, Sr.

The privately held company filed in the Northern District of Texas. John E. Mitchell of Baker & McKenzie is acting as legal counsel, and Bridgepoint Consulting is serving as financial adviser.

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 Posted: Wed Feb 5th, 2014 10:02 pm
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Cliff
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This is the second time they have done it. My kids used to love to go to the Furr's in Arlington on west 303. They loved the number of deserts they could get. It was fine for family dining back then, but I haven't been to the new one on E. I 20 in Arlington, don't know how the food is. Try not to go to Buffets any more. I eat too much and can't watch my weight.



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 Posted: Wed Feb 5th, 2014 10:32 pm
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LEB
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So for the time being, you can still get a Furrburger!  :spit:

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 Posted: Wed Feb 5th, 2014 11:10 pm
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BigTex
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I guess they will have to raise the price of the Luanne platter.



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 Posted: Wed Feb 5th, 2014 11:20 pm
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Grassman
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I'm crushed, love Furrs's.

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