Two Michigan restaurants will remain open
By BILL O'BRIEN
Record-Eagle staff writer
GAYLORD - One of northern Michigan's pioneer brew pub and restaurant operations has filed for bankruptcy protection in federal court.
Big Buck Brewery & Steakhouse Inc. announced this week that it had filed Chapter 11 proceedings in Detroit for its restaurant/brew pub operations in Gaylord and Auburn Hills. The company wants to restructure more than $12 million in debt owed to an acquisition company in Grosse Pointe, which purchased the debt from the Wayne County Employees' Retirement System.
I wonder how many of the unsecured creditors knew about the $12 million debt. Maybe it is time to look at Business Credit Insurance.
June 19, 2004
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