18 Restaurant Chains That Have Filed for Bankruptcy

The coronavirus pandemic has devastated the restaurant industry. By mid-April of 2020, an estimated 30,000 American restaurants had closed for good and more than 110,000 were expected to shutter by the end of October, according to estimates from the National Restaurant Association. And chain restaurants have not been immune from these closures. Some classic chain restaurants had already been facing tough times amid stiff competition from newer fast-casual restaurants, and were forced to close underperforming locations to cut their losses. The pandemic only made things worse.

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GOBankingRates rounded up all the major U.S. restaurants that have declared bankruptcy over the last year or so. Find out if your favorite spot is on the verge of extinction.

Last updated: April 12, 2021

• Bankruptcy date: Jan. 19, 2020
• Assets: $401 million
• Restaurant(s): Krystal

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• Bankruptcy date: Jan. 27, 2020
• Assets: N/A
• Restaurant(s): Bar Louie

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• Bankruptcy date: Jan. 27, 2020
• Assets: $14 million
• Restaurant(s): Village Inn, Baker’s Square

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• Bankruptcy date: Feb. 24, 2020
• Assets: $40 million
• Restaurant(s): Cosi

• Bankruptcy date: April 10, 2020
• Assets: $307 million
• Restaurant(s): Brio Tuscan Grill, Bravo Italian Kitchen

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• Bankruptcy date: April 29, 2020
• Assets: $50 million
• Restaurant(s): TooJay’s Deli – Bakery – Restaurant

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• Bankruptcy date: May 12, 2020
• Assets: $10 million
• Restaurant(s): Bamboo Sushi, Quickfish

• Bankruptcy date: May 14, 2020
• Assets: $50 million
  
• Restaurant(s): Souplantation, Sweet Tomatoes

• Bankruptcy date: May 27, 2020
• Assets: $3 million
  
• Restaurant(s): Le Pain Quotidien

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• Bankruptcy date: June 3, 2020
• Assets: $1 million
• Restaurant(s): HopCat, Stella’s Lounge, Grand Rapids Brewing Co.

• Bankruptcy date: June 25, 2020
• Assets: $1.7 billion
• Restaurant(s): Chuck E. Cheese

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• Bankruptcy date: July 3, 2020
• Assets: $10 million
• Restaurant(s): Fig & Olive

• Bankruptcy date: July 29, 2020
• Assets: $13.5 million
• Restaurant(s): California Pizza Kitchen

• Bankruptcy date: July 30, 2020
• Assets: $50 million
• Restaurant(s): Il Mulino
  

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• Bankruptcy date: Aug. 12, 2020
• Assets: 1 million
• Restaurant(s): Garbanzo

• Bankruptcy date: Sept. 10, 2020
• Assets: $10 million
• Restaurant(s): Maison Kayser

• Bankruptcy date: Sept. 21, 2020
• Assets: $1 million
• Restaurant(s): Sizzler

• Bankruptcy date: Oct. 7, 2020
  
• Assets: $146 million
• Restaurant(s): Ruby Tuesday
  

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Jordan Rosenfeld contributed to the reporting for this article.

Please note photos are for illustrative purposes only. Some photos are representational and might not depict the restaurant chains listed in this article.