Butcher Shop Steakhouse files for Chapter 11 protection
The Butcher Shop Steakhouse, at 107 South Germantown Parkway, is still operating. (Mark Weber/Daily Memphian)
The Butcher Shop Steakhouse, the longtime fixture next to the Agricenter International, is reorganizing under Chapter 11 bankruptcy protection.
The business, at 107 South Germantown Parkway, is still operating.
The case was filed June 29 in U.S. Bankruptcy Court for the Western District of Tennessee. The business, Butcher Shop of Cordova LLC, owned by Dennis Day, lists more than $1.4 million in debts — including $800,000 in paycheck protection loans — to 20 of its largest creditors.
The number of creditors is listed as between 50 and 99. Assets are valued up to $50,000.
It has three months to come up with an operating plan.
The owner did not comment.
A meeting for creditors is scheduled Aug. 2.
Day was part of the partnership that owned the Downtown store, also called The Butcher Shop. It had been in business 31 years when it closed in 2012.
At that time, Day and partner Simpson Hughes said they were going to focus efforts on the Cordova store, which opened in 1999.
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The Butcher Shop bankruptcy Chapter 11Jane Roberts
Jane Roberts has reported in Memphis for more than 20 years. As a senior member of The Daily Memphian staff, she was assigned to the medical beat during the COVID-19 pandemic. She also has done in-depth work on other medical issues facing our community, including shortages of specialists in local hospitals. She covered K-12 education here for years and later the region’s transportation sector, including Memphis International Airport and FedEx Corp.
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