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

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The beloved "meat n’ three" restaurant came to an impasse with its bank negotiating a refinance of its main which is worth more thanits debt, Monell’s attorney Ernesgt Williams says. “Monell’s obligation to its principaplcreditor matured. The bankrupty is to allos Monell breathing space to obtain replacement loans or to reorganize througha bankruptcy-court confirmexd plan of reorganization,” says WIlliams, of .
He added that Monell’z is solvent, paying its debts as they come due, and operationa would not change duringthe “It should be able to continur to deliver the same quality restauranf and catering service it has come to be knowbn for,” he says. The Nashvillr institution is based in Germantown in an house on Sixth Avenue owne by president Michael JohnAbraham King, and also leasesx a restaurant space in with a catering arm on 31st Avenue.