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after the closure of 8 of those units. Buffets LLC, which is an affiliate of Food Management Partners, paid an undisclosed amount in August 2015 for Old Country Buffet, Ryan's, Fire Mountain and Tahoe Joe's, in addition to HomeTown. According to court documents, 150 restaurants that were operated by those chains were part of the bankruptcy filing. According to a court filing by Ovation, the company had $ 186.3 million in liabilities and $ 160.2 million in assets.
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On March 7, 2016, Ovation Brands filed for Chapter 11 bankruptcy after closing dozens of locations. The bankruptcy was blamed on a lawsuit that had not been disclosed when the current owner bought the businesses in August 2015. The landlord of 16 of Ovation's locations sued the company in February
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After the 2020 COVID-19 pandemic, most Old Country Buffet restaurants closed. The parent company Fresh Acquisitions, LLC and Buffets LLC filed bankruptcy again. In bankruptcy its IP was sold as a combination with other IP's. The new owners indicated they were uninterested in reopening any stores
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Buffets Inc. in the late 1990s posted a net income of $ 28.6 million in 1997 and $ 39.4 million in 1998, on revenues of $ 808.5 million and $ 868.9 million, respectively. In 1998, the company increased the number of company-owned restaurants from 360 to 386. Part of this increase came from the
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The company's restaurants included steak-buffets, as well as steakhouse restaurants with menus that range from grilled-to-order steaks, single-serve dishes, scratch-made soups, entrees and desserts, beverage bars, buffets, chops and grilled seafood, and others. It was previously known as
495:, all of the buffet-style restaurants closed in March 2020. Five locations reopened as "AYCE Marketplaces" in summer 2020. As of January 15, 2021, all Old Country, HomeTown, and Ryan's Buffet locations have permanently closed, and nearly all have been auctioned off by Auction Nation. 647:
Ryan's was founded by Alvin A. McCall in 1977. It was acquired by Buffets, Inc. on November 1, 2006. Some of its accolades include being one of the "Best Small Companies in America" seven consecutive years, and named "Top Family Steakhouse in America" for 10 consecutive years.
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On January 18, 2012, Buffets, Inc. filed for Chapter 11 bankruptcy protection again. This involved the immediate closure of 81 restaurants throughout the country and recapitalizing in an agreement with its lenders that would convert debt into a controlling equity stake.
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At one time, there were more than 250 restaurants open under the HomeTown Buffet brand, primarily in the West Coast and Northeast regions. In the late 1990s, several restaurants rebranded from Old Country Buffet to HomeTown Buffet when the two chains merged.
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On November 1, 2006, Buffets Inc. acquired Ryan's Restaurant Group, adding 340 Ryan's Grill Buffet and Bakery and Fire Mountain Grills locations.
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after acquiring the brand making the restaurant now non-existent. At one time, there were more than 600 Old Country Buffet restaurants.
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On April 28, 2009, Buffets Inc. emerged from Chapter 11 reorganization with reduced debt along with a new board of directors.
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The last one to close was a location in 988 Goodman Rd, Horn Lake, Mississippi 38637 that has been replaced by a
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The company was founded by Roe Hatlen and C. Dennis Scott on October 19, 1983, along with Dermot Rowland and
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acquisition of 11 eating establishments from Country Harvest Buffet Restaurants, Inc., for $ 5.6 million.
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All of their Old Country Buffet, HomeTown Buffet, Ryan's Buffet, and Curry House locations have closed.
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Scott left in 1989 to start HomeTown Buffet, but the two chains merged in September 1996.
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Ryan's Restaurants once had more than 400 locations primarily in the South and Midwest.
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List of banks acquired or bankrupted during the Great Recession
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Dodd–Frank Wall Street Reform and Consumer Protection Act
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Companies that filed for Chapter 11 bankruptcy in 2021
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Companies that filed for Chapter 11 bankruptcy in 2016
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Companies that filed for Chapter 11 bankruptcy in 2012
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Companies that filed for Chapter 11 bankruptcy in 2008
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National fiscal policy response to the Great Recession
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Minneapolis / St. Paul Business Journal 782:. Buffets. Retrieved on October 18, 2013. 596:Learn how and when to remove this message 109:Learn how and when to remove this message 1302:Government policy and spending responses 1268:Government National Mortgage Association 773:"Old Country Buffet CEO goes undercover" 612: 435: 427: 419: 411: 403: 1362:2008 United Kingdom bank rescue package 1712:Restaurant chains in the United States 1659: 617:Former Old Country Buffet location in 1347:Temporary Liquidity Guarantee Program 1317:Banking (Special Provisions) Act 2008 1300: 1238:Federal Deposit Insurance Corporation 1047: 910: 608: 1233:Consumer Financial Protection Bureau 879: 861:from the original on 21 January 2012 661: 534:adding citations to reliable sources 505: 334:Food Management Partners (2015–2020) 47:adding citations to reliable sources 18: 1523:Collateralized mortgage obligations 1073: 416:Old Country Buffet logo (1983–2020) 336:Fresh Acquisitions, LLC (2020–2022) 13: 1717:Private equity portfolio companies 633: 14: 1733: 1618:2007–2008 world food price crisis 1418:Chinese economic stimulus program 1403:2008 European Union stimulus plan 1327:Commercial Paper Funding Facility 1027: 892:from the original on 7 March 2016 729:from the original on 9 March 2016 369:, was an operator of a number of 1667:1983 establishments in Minnesota 1646:List of countries by public debt 1273:National Asset Management Agency 510: 432:HomeTown Buffet logo (1989–2020) 23: 1687:Restaurants established in 1983 1601:2008 Central Asia energy crisis 1518:Collateralized debt obligations 1013:from the original on 2018-08-16 999: 985: 960: 942: 931: 755:from the original on 2009-01-13 749:"Ryan's Corporate Headquarters" 521:needs additional citations for 424:Country Buffet logo (1983–2018) 307:Ryan's Grill, Buffet and Bakery 34:needs additional citations for 1722:Companies based in San Antonio 1408:2008–2009 Keynesian resurgence 1253:Federal Housing Finance Agency 1248:Federal Housing Administration 1034:www.Buffet.com/ Buffet Website 911:Kelly, Brianna (Oct 6, 2021). 904: 873: 847: 823: 805: 785: 766: 741: 440:Ryan's Buffet logo (1977–2020) 408:Buffets, Inc. logo (1983–2013) 1: 1672:2015 mergers and acquisitions 1423:Economic Stimulus Act of 2008 1357:Troubled Asset Relief Program 1283:Office of Financial Stability 1258:Federal Housing Finance Board 1192:Société Générale trading loss 705: 1342:Irish emergency budget, 2009 857:. Reuters. 18 January 2012. 16:American restaurant national 7: 693: 10: 1738: 1641:2007–2008 financial crisis 1533:Mortgage-backed securities 1144:Automotive industry crisis 938:Buffets merges with Ryan's 880:Hals, Tom (7 March 2016). 700:List of buffet restaurants 399: 141:Ovation Brands (2013–2020) 1631: 1588: 1546: 1538:Secondary mortgage market 1503: 1459:rescues, and acquisitions 1457:Government interventions, 1456: 1448:Zero interest-rate policy 1395: 1307: 1296: 1225: 1172: 1159:Housing market correction 1136: 1081: 501: 340: 323: 315: 295: 280: 255: 245: 235: 215: 205: 197: 181: 163: 155: 145: 139:Buffets, Inc. (1983–2013) 135: 126: 1556:(United States; c. 2009) 1288:UK Financial Investments 1173:Banking losses and fraud 1164:Subprime mortgage crisis 1149:California budget crisis 1574:(worldwide; 2011–2012) 1513:Auction rate securities 1243:Federal Home Loan Banks 673:has three locations in 1263:Federal Reserve System 1137:United States-specific 685:had nine locations in 626: 441: 433: 425: 417: 409: 169:; 40 years ago 1613:Decline of newspapers 1560:2009 May Day protests 1506:and financial markets 1396:Stimulus and recovery 1007:"Company Information" 843:on September 7, 2012. 819:on February 14, 2008. 616: 439: 431: 423: 415: 407: 167:October 19, 1983 1636:European debt crisis 1528:Credit default swaps 1504:Securities involved 1310:stability and reform 954:May 1, 2009, at the 530:improve this article 43:improve this article 1596:2000s energy crisis 1308:Banking and finance 1226:Government entities 1039:Tahoe Joe's Website 949:Company Information 917:www.bizjournals.com 794:Company Information 237:Number of locations 123: 1682:Buffet restaurants 1578:Occupy Wall Street 1554:Tea Party protests 1212:Scott W. Rothstein 972:timesfreepress.com 778:2013-10-21 at the 627: 609:Old Country Buffet 442: 434: 426: 418: 410: 305:Old Country Buffet 121: 1654: 1653: 1623:Retail apocalypse 1568:(MENA; 2010–2012) 1499: 1498: 1495: 1494: 1391: 1390: 1371:Bank stress tests 974:. 21 January 2012 801:on March 18, 2007 671:Famous Steakhouse 662:Other restaurants 606: 605: 598: 580: 545:"VitaNova Brands" 493:COVID-19 pandemic 356: 355: 291:style restaurants 119: 118: 111: 93: 58:"VitaNova Brands" 1729: 1547:Social responses 1472: 1471: 1368: 1367: 1298: 1297: 1068: 1061: 1054: 1045: 1044: 1022: 1021: 1019: 1018: 1003: 997: 996: 989: 983: 982: 980: 979: 964: 958: 946: 940: 935: 929: 928: 926: 924: 908: 902: 901: 899: 897: 877: 871: 870: 868: 866: 851: 845: 844: 839:. Archived from 827: 821: 820: 815:. 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Dennis Scott 186: 173: 171: 168: 140: 122:VitaNova Brands 115: 104: 98: 95: 52: 50: 40: 28: 17: 12: 11: 5: 1735: 1725: 1724: 1719: 1714: 1709: 1704: 1699: 1694: 1689: 1684: 1679: 1674: 1669: 1652: 1651: 1649: 1648: 1643: 1638: 1632: 1629: 1628: 1626: 1625: 1620: 1615: 1610: 1605: 1604: 1603: 1592: 1590: 1589:Related topics 1586: 1585: 1583: 1582: 1581: 1580: 1569: 1563: 1557: 1550: 1548: 1544: 1543: 1541: 1540: 1535: 1530: 1525: 1520: 1515: 1509: 1507: 1501: 1500: 1497: 1496: 1493: 1492: 1490: 1489: 1487:General Motors 1484: 1478: 1476: 1469: 1468: 1462: 1460: 1454: 1453: 1451: 1450: 1445: 1440: 1435: 1433:Green New Deal 1430: 1425: 1420: 1415: 1410: 1405: 1399: 1397: 1393: 1392: 1389: 1388: 1386: 1385: 1380: 1374: 1372: 1365: 1364: 1359: 1354: 1349: 1344: 1339: 1334: 1329: 1324: 1319: 1313: 1311: 1305: 1304: 1294: 1293: 1291: 1290: 1285: 1280: 1275: 1270: 1265: 1260: 1255: 1250: 1245: 1240: 1235: 1229: 1227: 1223: 1222: 1220: 1219: 1217:Allen Stanford 1214: 1209: 1204: 1199: 1194: 1189: 1188: 1187: 1176: 1174: 1170: 1169: 1167: 1166: 1161: 1156: 1154:Housing bubble 1151: 1146: 1140: 1138: 1134: 1133: 1131: 1130: 1125: 1124: 1123: 1113: 1108: 1107: 1106: 1101: 1091: 1085: 1083: 1079: 1078: 1071: 1070: 1063: 1056: 1048: 1042: 1041: 1036: 1029: 1028:External links 1026: 1024: 1023: 998: 984: 959: 941: 930: 903: 872: 846: 822: 804: 784: 765: 740: 709: 707: 704: 703: 702: 695: 692: 691: 690: 678: 663: 660: 644: 641: 635: 632: 610: 607: 604: 603: 518: 516: 509: 503: 500: 401: 398: 394:Ovation Brands 354: 353: 342: 338: 337: 327: 321: 320: 317: 313: 312: 297: 293: 292: 282: 278: 277: 275: 274: 271: 268: 265: 261: 259: 256: 253: 252: 249: 246: 243: 242: 239: 236: 233: 232: 227: 217: 213: 212: 207: 203: 202: 199: 195: 194: 189:Dermot Rowland 183: 179: 178: 165: 161: 160: 157: 153: 152: 147: 143: 142: 137: 133: 132: 117: 116: 31: 29: 22: 15: 9: 6: 4: 3: 2: 1734: 1723: 1720: 1718: 1715: 1713: 1710: 1708: 1705: 1703: 1700: 1698: 1695: 1693: 1690: 1688: 1685: 1683: 1680: 1678: 1675: 1673: 1670: 1668: 1665: 1664: 1662: 1647: 1644: 1642: 1639: 1637: 1634: 1633: 1630: 1624: 1621: 1619: 1616: 1614: 1611: 1609: 1606: 1602: 1599: 1598: 1597: 1594: 1593: 1591: 1587: 1579: 1576: 1575: 1573: 1570: 1567: 1564: 1561: 1558: 1555: 1552: 1551: 1549: 1545: 1539: 1536: 1534: 1531: 1529: 1526: 1524: 1521: 1519: 1516: 1514: 1511: 1510: 1508: 1502: 1488: 1485: 1483: 1480: 1479: 1477: 1473: 1467: 1464: 1463: 1461: 1455: 1449: 1446: 1444: 1441: 1439: 1436: 1434: 1431: 1429: 1426: 1424: 1421: 1419: 1416: 1414: 1411: 1409: 1406: 1404: 1401: 1400: 1398: 1394: 1384: 1381: 1379: 1376: 1375: 1373: 1369: 1363: 1360: 1358: 1355: 1353: 1350: 1348: 1345: 1343: 1340: 1338: 1335: 1333: 1330: 1328: 1325: 1323: 1320: 1318: 1315: 1314: 1312: 1306: 1299: 1295: 1289: 1286: 1284: 1281: 1279: 1276: 1274: 1271: 1269: 1266: 1264: 1261: 1259: 1256: 1254: 1251: 1249: 1246: 1244: 1241: 1239: 1236: 1234: 1231: 1230: 1228: 1224: 1218: 1215: 1213: 1210: 1208: 1205: 1203: 1202:Bernie Madoff 1200: 1198: 1197:Forex scandal 1195: 1193: 1190: 1186: 1183: 1182: 1181: 1180:Libor scandal 1178: 1177: 1175: 1171: 1165: 1162: 1160: 1157: 1155: 1152: 1150: 1147: 1145: 1142: 1141: 1139: 1135: 1129: 1126: 1122: 1119: 1118: 1117: 1114: 1112: 1109: 1105: 1104:South America 1102: 1100: 1099:United States 1097: 1096: 1095: 1092: 1090: 1087: 1086: 1084: 1080: 1076: 1069: 1064: 1062: 1057: 1055: 1050: 1049: 1046: 1040: 1037: 1035: 1032: 1031: 1012: 1008: 1002: 994: 988: 973: 969: 963: 957: 953: 950: 945: 939: 934: 918: 914: 907: 891: 887: 883: 876: 860: 856: 850: 842: 838: 837: 832: 826: 818: 814: 808: 800: 796: 795: 788: 781: 777: 774: 769: 754: 750: 744: 728: 724: 720: 714: 710: 701: 698: 697: 688: 684: 683: 679: 676: 672: 670: 666: 665: 659: 657: 656:Golden Corral 652: 649: 640: 631: 624: 620: 615: 600: 597: 589: 578: 575: 571: 568: 564: 561: 557: 554: 550: 547: –  546: 542: 541:Find sources: 535: 531: 525: 524: 519:This article 517: 513: 508: 507: 499: 496: 494: 489: 485: 481: 478: 476: 472: 467: 464: 460: 457: 455: 451: 447: 438: 430: 422: 414: 406: 397: 395: 391: 390:Buffets, Inc. 385: 382: 380: 376: 372: 368: 364: 360: 351: 343: 339: 331: 328: 326: 322: 318: 314: 311: 301: 298: 294: 290: 286: 283: 279: 273:Brian Padilla 272: 269: 266: 263: 262: 260: 254: 251:United States 250: 244: 240: 234: 230: 229:United States 225: 221: 218: 214: 211: 208: 204: 200: 196: 193: 184: 180: 166: 162: 158: 154: 151: 148: 144: 138: 134: 130: 125: 113: 110: 102: 91: 88: 84: 81: 77: 74: 70: 67: 63: 60: –  59: 55: 54:Find sources: 48: 44: 38: 37: 32:This article 30: 26: 21: 20: 1015:. 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Reuters. 682:Curry House 669:Tahoe Joe's 491:Due to the 363:San Antonio 361:, based in 332:(1983–2015) 330:Independent 319:Restaurants 310:Tahoe Joe's 267:Allen Jones 247:Area served 220:San Antonio 159:Restaurants 1661:Categories 1017:2016-10-01 978:2021-03-08 865:21 January 759:2009-06-08 706:References 687:California 675:California 556:newspapers 475:Chapter 11 471:bankruptcy 450:Clearwater 289:steakhouse 264:Jason Kemp 257:Key people 185:Roe Hatlen 174:1983-10-19 150:Subsidiary 69:newspapers 1185:Tom Hayes 1082:By region 723:Bloomberg 619:Ann Arbor 373:national 99:June 2022 1482:Chrysler 1094:Americas 1011:Archived 952:Archived 890:Archived 859:Archived 776:Archived 753:Archived 727:Archived 694:See also 623:Michigan 473:, under 371:American 316:Services 281:Products 210:COVID-19 156:Industry 136:Formerly 1128:Oceania 1121:Iceland 923:3 April 896:7 March 886:Reuters 836:Reuters 733:9 March 570:scholar 454:Florida 400:History 341:Website 198:Defunct 182:Founder 172: ( 164:Founded 83:scholar 1116:Europe 1089:Africa 572:  565:  558:  551:  543:  502:Chains 379:Furr's 375:buffet 325:Parent 300:Furr's 296:Brands 285:Buffet 85:  78:  71:  64:  56:  577:JSTOR 563:books 367:Texas 224:Texas 90:JSTOR 76:books 1383:U.S. 1111:Asia 925:2023 898:2016 867:2012 735:2016 549:news 392:and 350:.com 287:and 206:Fate 201:2022 62:news 532:by 346:www 45:by 1663:: 1378:EU 1009:. 970:. 915:. 884:. 833:. 751:. 725:. 721:. 658:. 621:, 456:. 452:, 396:. 381:. 365:, 241:17 226:, 222:, 1067:e 1060:t 1053:v 1020:. 995:. 981:. 927:. 900:. 869:. 762:. 737:. 677:. 625:. 599:) 593:( 588:) 584:( 574:· 567:· 560:· 553:· 526:. 176:) 112:) 106:( 101:) 97:( 87:· 80:· 73:· 66:· 39:.

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Subsidiary
Doron Jensen
COVID-19
San Antonio
Texas
United States
Buffet
steakhouse
Furr's
Tahoe Joe's
Parent
Independent
www.vitanovabrands.com
San Antonio
Texas
American
buffet
Furr's

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