Here are nine Tijuana Flats closed in South Florida as Chapter 11 filing loomed
Tijuana Flats closed nine South Florida restaurants in the days and weeks before filing for Chapter 11 bankruptcy protection on Friday.
The company, a fast-casual provider of Tex-Mex dishes like tacos, burritos, chimichangas, quesadillas and flautas, announced the filing on Friday in a news release. It also announced that a new ownership group had taken control of the company “with a plan of revitalizing its restaurants and reinvigorating the customer experience.”
A Chapter 11 bankruptcy filing allows a company to restructure its operation while discharging existing debt. Tijuana Flats’ filing, in U.S. Bankruptcy Court in Orlando, stated that the company had assets of between $1 million and $10 million and liabilities between $10 million and $50 million.
Friday’s news release stated that 11 of the company’s restaurants were closed last week. The sale and bankruptcy filing, the release said, resulted from a “strategic review” that began last November. The company explored various options including a potential sale.

