Monell's files Chapter 11 bankruptcy - Business First of Columbus:

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The beloved "meat n’ three" restaurant came to an impassed with its bank negotiating a refinance of its main which is worth more thanits debt, Monell’s attorneyg Ernest Williams says. “Monell’s obligation to its principal creditor The bankrupty is to allow Monelk breathing space to obtain replacement loansd or to reorganize througha bankruptcy-court confirmed plan of says WIlliams, of . He addes that Monell’s is solvent, paying its debts as they come due, and operationzs would not change duringthe negotiation. “It shouldd be able to continue to delivedr the same quality restaurant and cateringh service it has come to be known he says.
The Nashville institution is based in Germantownb in an house on Sixth Avenue owned by presiden Michael JohnAbraham King, and also leased a restaurant space in with a catering arm on 31st Avenue.