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Lone Star Steakhouse
Lone Star Steakhouse & Saloon was an American casual dining restaurant chain with a single independently owned and operated franchise still in business in 2021 on the island of Guam. The chain served steak, seafood, salad, and similar food items. Lone Star opened its first restaurant in 1989 in Winston-Salem, North Carolina. In March 1992, Lone Star became a public company with eight restaurants opened. At its maximum, 267 Lone Star Steakhouses were in operation. The company filed for Chapter 7 bankruptcy on September 7, 2017. By August 2019, the then operating company website advertised four locations, all of which are independently confirmed closed. On October 6, 2019, the second-to-last location in Knightdale, North Carolina officially closed, which was the last Lone Star location in the continental United States. The location reopened as a Saltgrass Steak House. Also , one remaining independently owned and operated location of this restaurant still exists in Tamuning, Guam. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jackson, Michigan
Jackson is a city in Jackson County, Michigan, United States, and its county seat. The population was 31,309 at the 2020 United States census, 2020 census. Located along Interstate 94 in Michigan, Interstate 94 and U.S. Route 127 in Michigan, U.S. Route 127, it is approximately east of Kalamazoo, Michigan, Kalamazoo, west of Ann Arbor, Michigan, Ann Arbor, west of Detroit, Michigan, Detroit and south of Lansing, Michigan, Lansing. Jackson is the core city of the Jackson Metropolitan statistical area, metropolitan area, which includes all of Jackson County and has a population of 160,248. The city was founded in 1829 and named after President Andrew Jackson. Michigan's first prison, Michigan State Prison (or Jackson State Prison), opened in 1838 and remains in operation. Jackson was historically regarded as the "birthplace of the Republican Party (United States), Republican Party" due to a meeting held there in 1854, during which political figures gathered to oppose the expansi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pizza Hut
Pizza Hut, LLC is an American multinational pizza restaurant chain and international franchise founded in 1958 in Wichita, Kansas, by brothers Dan and Frank Carney. The chain, headquartered in Plano, Texas, operates 19,866 restaurants worldwide as of 2023. While studying at Wichita State University, the Carneys opened their first location, which quickly expanded to six outlets within a year. The brand began franchising in 1959, and its distinctive building style was designed by Chicago architect George Lindstrom in 1963. Pizza Hut experienced significant growth, including the acquisition by PepsiCo in 1977, followed by a spin-off into Tricon Global Restaurants, Inc., later renamed Yum! BrandsYum! Brands Form 10-K 2019 () Yum! Brands. Form 10-K. Retrieved May 13, 2020. in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 7, Title 11, United States Code
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the United States. This is in contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of ''reorganization'' of a debtor. Chapter 7 bankruptcy is the most common form of bankruptcy in the US. For businesses When a financially troubled business is unable to pay creditors, the business may file (or be compelled by creditors to file) for bankruptcy in a federal court under Chapter 7, which means that the business ceases operations unless those operations are continued by the Chapter 7 trustee. In a Chapter 7 bankruptcy, the trustee is appointed almost immediately, with broad powers to examine the finances of the business in bankruptcy; generally, the trustee sells the assets and distributes the money to the creditors. The investors who took the least amount of risk prior to the bankruptcy are generally paid first. For example, sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy Protection
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nation's Restaurant News
''Nation's Restaurant News'' (''NRN'') is an American trade publication, founded in 1967. NRN covers the foodservice industry, including restaurant A restaurant is an establishment that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and Delivery (commerce), food delivery services. Restaurants ...s, restaurant chains, operations, marketing, and events. It is owned by Informa (who acquired Penton Media on November 2, 2016, who earlier purchased it from founding company Lebhar-Friedman in December 2010). ''Nation's Restaurant News'''s sister publications are ''Restaurant Hospitality'', ''Food Management'', ''Supermarket News'', and ''MUFSO'' (Multi-Unit Food Service Operators). ''Nation's Restaurant News'' is published bi-weekly, with an online portal that launched in 1996. Nation's Restaurant News reports a monthly print readership of more than 66,000 subscribers, while ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession In The United States
In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output. This slow recovery was due in part to households and financial institutions paying off debts accumulated in the years preceding the crisis along with restrained government spending following initial stimulus efforts. It followed the bursting of the housing bubble, the housing market correction and subprime mortgage crisis. According to the Department of Labor, roughly 8.7 million jobs (about 7%) were shed from February 2008 to February 2010, and real GDP contracted by 4.2% between Q4 2007 and Q2 2009, making the Great Recession the worst economic downturn since the Great Depression. The GDP bottom, or trough, was reached in the second quarter of 2009 (marking the technical end of the recession that is defined by "a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Stremme
David Andrew Stremme (born June 19, 1977) is an American professional stock car racing driver. Early career Stremme was born in South Bend, Indiana. His racing roots can be traced back to Midwestern short track racing, where he followed in the footsteps originally cast by his Great Uncle in the 1950s. Stremme's first stock car victory came in the early 1990s at New Paris Speedway, while behind the wheel of his mother's street stock ride. Once track officials realized that he was only 15 years old however, he was forced to temporarily give up driving. Once he reached legal driving age, Stremme moved to the Midwestern short tracks scene. David is an avid race car builder and has a great understanding of the cars he races. Being part of a racing family (father, mother, and brother) racing is his life. During his career, he earned 24 feature wins, two Rookie of the Year titles and two track championships in just four years. From the local tracks, Stremme became a winner in the Ken ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
