RICHMOND, Va.—A Richmond businessman who owns a dozen restaurants in three states, has filed for Chapter 11 bankruptcy. (Click here to see the full filing, courtesy RichmondBizSense.com)
One of the restaurants is the Roanoke Hooters, located on Williamson Road.
RichmondBizSense.com reports Cornett Hospitality, LLC made the filing last Wednesday. It lists hundreds of creditors and between $1 million and $10 million in liabilities. The website also reports the company previously owned two Max & Erma's locations in Richmond but closed them after falling behind on rent and after the chain filed bankruptcy in 2010.
The director of the company, Phil Cornett, says his 12 restaurants will stay open for business while the company goes through the Chapter 11 process.