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San Diego-Based Steakhouse Chain Files For Bankruptcy

SAN DIEGO (AP) - A chain of steakhouses that operates in 11 states said Tuesday that it has filed for Chapter 11 bankruptcy protection.

Paragon Steakhouse Partners Inc. said the bankruptcy filing in U.S. Bankruptcy Court in Riverside will help it restructure its finances as it closes unprofitable restaurants. The company, which operates under Hungry Hunter and other names, did not disclose which stores it will close.

The San Diego-based chain operates 64 restaurants under the brands Hungry Hunter, Hunter's Steakhouse, Mountain Jack's and Carvers names. The restaurants are located in the West, Midwest, Virginia, and North Carolina.

The chain got its start in 1967 as the Jolly Ox Restaurant in San Diego.

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On the Net:

www.paragonsteak.com

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