Prandium units seek protection as restructuring stays elusive.(Wall Street West)(restaurant chains file for Chapter 11 bankruptcy protection)(Brief Article)

Los Angeles Business Journal | October 13, 2003| | Copyright

IN a sign of further financial heartburn for Irvine-based Prandium Inc., the restaurant holding company's two largest chains, Chi-Chi's Inc. and Koo Koo Rod Inc., filed for Chapter 11 bankruptcy protection last week.

Chi-Chi's, with 128 sit-down restaurants concentrated in the Midwest, and Koo Koo Rod, the 29-unit California fast food chicken concept, filed in U.S. Bankruptcy Court in Wilmington, Del., where Prandium is incorporated.

Twelve Chi-Chi's affiliates, mostly based in Maryland and West Virginia, also filed bankruptcy papers. Chi-Chi's listed debts ...

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