High-end steakhouse chain files for Chapter 11 bankruptcy
The operator of a popular steakhouse chain filed for bankruptcy protection.
www.thestreet.comHere’s what’s publicly reported about 801 Chophouse’s restructuring status as of mid-April 2026.
- The owner operator, 801 Restaurant Group LLC, filed for Chapter 11 bankruptcy protection to reorganize its debts while continuing operations. Several outlets note the plan to keep most restaurants open during the process [cite ][cite ].
- The chapter 11 filing involved eight restaurants across seven cities under two brands: 801 Chophouse and 801 Fish. A Minneapolis location (801 on Nicollet) was closed as part of the restructuring, with others continuing to operate [cite ][cite ].
- Court records indicate assets in the vicinity of $10–15 million and liabilities around $18–19 million; the filing is described as a restructuring move rather than an outright liquidation, with hearings anticipated in May 2026 for progress updates [cite ][cite ].
- Coverage suggests the strategic focus is to preserve core, profitable locations (notably the flagship Des Moines site and other established restaurants) while pruning weaker or newer concepts and renegotiating leases and debt terms [cite ][cite ].
Illustrative takeaway
- The situation is a Chapter 11 restructuring aimed at stabilizing the brand and preserving the core restaurant base, with at least one downtown Minneapolis location closed and the rest continuing to operate during the process [cite ][cite ].
If you’d like, I can pull the most recent filings or summarize creditor claims and key dates from the docket, and provide a brief timeline of major events.