💥New Chapter 11 Bankruptcy - BUCA Texas Restaurants LP💥

Restaurant chain files bankruptcy; lender likely to credit bid for the business.

On Aug. 4, 2024, Dallas-based BUCA Texas Restaurants LP and nine affiliates (collectively, the “debtors”) filed chapter 11 bankruptcy cases in the Northern District of Texas (Judge Jernigan). “Buca” means “hole” in Italian which is such low hanging fruit in this context that even we(!) feel reluctant to pick it; in actuality, the word references the deb…