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Post excerpted from Bankruptcydata.com:

Privately-held Metromedia Steakhouses Company and certain of its affiliates filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware. The Company will reorganize around its franchise operations and a profitable core of Company-operated restaurants. In connection with the filing, the Company announced that it has received a commitment of secured debtor-in-possession financing from an affiliate, Metromedia Company, the Company’s existing secured creditor. Upon receipt of Court approval, the Company will use the D.I.P. financing and cash from operations to fund operating expenses. Metromedia Steakhouses Company owns S&A Restaurant Corp., which is the parent company of Steak & Ale and Bennigans Grill & Tavern restaurants. S&A Restaurant Corp. filed for Chapter 7 protection in July 2008.

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