HomeTown Buffet and several affiliated buffet chains on Monday filed for its third Chapter 11 bankruptcy protection filing in eight years, according to court documents, potentially affecting more than 300 U.S. locations.
In addition to HomeTown, other Ovation chains seeking bankruptcy protection from creditors included Old Country Buffet, Ryan's, Fire Mountain and Tahoe Joe's, according to court documents.
A spokesman for Ovation declined to comment.
Ovation Brands shuttered 74 restaurants in February as part of its national restructuring plan.
The restaurant operator was acquired by Food Management Partners in August. The new parent company explained that the affected restaurants had been underperforming.
"It is necessary to shutter locations for the continued viability of our brands and our employees," Peter Donbavand, FMP's vice president of real estate and business development, said in a statement last month.