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Covid-Hit Old Country Buffet Goes Bankrupt for Fourth Time

April 20, 2021, 8:39 PM

All-you-can-eat chain Old Country Buffet is back in bankruptcy for the fourth time after the Covid-19 pandemic slammed in-person dining.

The buffet chain filed for Chapter 11 protection from creditors in Texas alongside affiliates including Furr’s Fresh Buffet, HomeTown Buffet and Tahoe Joe’s Famous Steakhouse. Old Country Buffet and related brands previously went through bankruptcies in 2008, 2012 and 2016, court documents show.

Prior to the coronavirus outbreak, the parent company ran 90 stores across 27 states with six all-you-can-eat buffet chains and a full-service steakhouse. But the business was hurt by “the uncertainty, unexpected challenges and ever-changing landscape resulting ...