There's Lots of Bankrupt Restaurants

A lot of moderate-sized restaurant chains have filed for bankruptcy recently that were under our radar. And this Reuters article says that more are expected this year.Last month the owner of the 69-unit Black Angus chain filed for Chapter 11 protection, while the Ponderosa and Bonanza chains filed late last year. So moderately priced stakes are having a rough go, huh?Here is a list of restaurants with distressed debt. None of these really surprise us a whole lot, with the exception of El Pollo Loco. We were under the impression that they, and other Latino-themed chicken chains were doing well. Silly us for assuming there are good stories out there!