The company that owns the three Lincoln Applebee’s restaurants has filed for bankruptcy.
RMH Franchise Holdings, which owns the Lincoln Applebee’s as well as eight others in Nebraska, filed for Chapter 11 bankruptcy protection Tuesday morning in Delaware.
The petition filed Tuesday listed RMH Holdings as well as affiliated companies RMH Franchise Corp., NuLnk Inc., RMH Illinois LLC and Contex Restaurants Inc.
In its bankruptcy petition, the company, which has corporate offices in both Lincoln and Atlanta, listed both its assets and liabilities as being between $100 million and $500 million. The petition said the estimated number of creditors is between 5,000 and 10,000.
No list of creditors or any other document other than the bankruptcy petition was filed on Tuesday.
A Chapter 11 bankruptcy filing gives a company a chance to reorganize its finances under a court’s supervision so it can attempt to stay in business.