Buca di Beppo Files for Chapter 11 Bankruptcy After Multiple Closures

The Italian restaurant chain aims to restructure 44 remaining locations and open a new one despite financial challenges.

Buca di Beppo has recently closed several locations, including its only restaurant in the Carolinas.
The company owes between $15 million and $50 million to at least 30 creditors.
Despite closures, 44 locations will continue operating with plans for restructuring.
All gift cards, reservations, and promotional services remain active and redeemable.
Buca di Beppo was founded in 1993 and is part of the Earl Enterprises portfolio.