Bankruptcy Tracker

Chevys Fresh Mex Owner Files Chapter 11 Bankruptcy

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Real Mex Restaurants, Inc., owes GE Capital $37.6 million. GE has agreed to provide another $49 million in bankruptcy financing.

The worsening economy is beginning to put the squeeze on the restaurant business as the nation's largest full service Mexican casual-dining restaurant chain that began operating in 1970 goes bankrupt.

Real Mex Restaurants, Inc., which operates Chevys Fresh Mex, El Torito, El Torito Grill and Acapulco restaurants, filed Chapter 11 bankruptcy on October 4, 2011 after exhausting a myriad of financial resources that included banks, a major financing company, mutual funds and numerous private equity funds.

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