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801 Restaurant Group Files Chapter 11 Amid $18.7M Liabilities

4/17/2026

27 4 Full Breakdown

Summary

Story summary

The 801 Restaurant Group filed for Chapter 11 bankruptcy on April 10, 2026, to manage about $18.7 million in liabilities.
All eight 801 Chophouse locations will remain open during restructuring.
The Nicollet Avenue location in Minneapolis closed abruptly after less than six months.
Key hearings are scheduled for May 2026 to outline the restructuring plan, prompted by location-specific failures and industry pressures, including rising beef prices.

History

Historical Context

The 2008 financial crisis led to significant bankruptcies, including Lehman Brothers, which had $639 billion in assets. The restaurant industry has faced similar pressures, with the 801 Restaurant Group's $18.7 million liabilities highlighting ongoing challenges. As businesses often turn to Chapter 11 for restructuring, the outcome of the May 2026 hearings will be crucial for the future of the eight 801 Chophouse locations.

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Story summary

The 801 Restaurant Group filed for Chapter 11 bankruptcy on April 10, 2026, to manage about $18.7 million in liabilities.
All eight 801 Chophouse locations will remain open during restructuring.
The Nicollet Avenue location in Minneapolis closed abruptly after less than six months.
Key hearings are scheduled for May 2026 to outline the restructuring plan, prompted by location-specific failures and industry pressures, including rising beef prices.

1 / 2