Planta Group, which operates a chain of plant-based restaurants, filed for Chapter 11 bankruptcy amid mounting unpaid rent claims and operational costs.
The Miami-based dining chain, known for serving only plant-based food, included its 17 restaurants nationwide in its Monday filing in the US Bankruptcy Court for the District of Delaware.
The filing lists assets of $50,000 to $100,000 and liabilities between $10 million and $50 million.
Planta has struggled to pay rent in locations such as West Hollywood, Calif., where it owes a landlord over $613,000. Rent-related debts constitute a significant portion of its obligations, with individual landlords owed at least $50,000 each.
The company also failed to pay thousands of dollars in food and service provider bills.
The bankruptcy petition indicates that funds will be available for distribution to unsecured creditors following the bankruptcy.
Planta, created in 2016, joins a growing number of restaurant chains filing for bankruptcy, including Hooters, Red Lobster, and On the Border. Restaurants have been hit hard amid high operational costs and inflation, decreasing consumer interest in dining out.
The filing includes locations in New York, in neighborhoods such as Soho and NoMad, as well as in West Palm Beach, Fla., Chicago, and Washington, D.C.
Attorneys representing CHG US Holdings LLC, the parent company of Planta, didn’t immediately respond to a request for comment.
Pashman Stein Walder Hayden PC represents CHG.
The case is CHG US Holdings LLC, Bankr. D. Del., No. 25-10851, petition 5/12/25.
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