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LQD, which is listed in the bankruptcy filing as being owed $6.65 million by Crave Brands, had alleged that the filings were “a stunt Crave’s former manager pulled to stay in charge,” among other alleged improprieties that LQD claimed should invalidate the case. Chicago-based Meatheads, which operates the 13-unit fast-casual Meatheads Burgers & Fries concept, said in a statement provided to Nation’s Restaurant News on Friday that it has since held “several discussions” with LQD and that it expects to propose a plan of reorganization in the next 30 days. The Meatheads and Crave Bra...

The fast casual's lender said the case was improperly filed by the former manager.  Meatheads Burgers & Fries Lender LQD Financial Corp. said that if the bankruptcy case is dismissed, it will sell the assets to a “well-known and reputable new operator." Illinois concept Meatheads Burgers & Fries declared bankruptcy, but lender LQD Financial Corp. is calling it a “stunt” and asking for it to be dismissed.  The 13-unit Meatheads and parent company Crave Brands were placed into bankruptcy by Steve Karfaridis. LQD alleges in a separate filing that after the company went into default, LQD...

Another Popular Regional Burger Chain Just Filed For Bankruptcy © Provided by Eat This, Not That! meatheads Meatheads Burgers&Fries, a popular Illinois-based chain that claims to serve "award-winning" burgers, is the latest fast-food business to file for Chapter 11 bankruptcy. Its owner, Crave Brands, has also declared bankruptcy. However, the company's lender is raising questions about the filings, calling them a "stunt" and asking for a dismissal. Popular Searches Meatheads operates 13 restaurants in the Chicago area and prides itself on serving some of the best burgers in the Midwest, a...