Earlier this month, buffet restauranteur Ovation Brands filed for bankruptcy and abruptly shut down many of its restaurants — like Old Country Buffet, HomeTown Buffet, Fire Mountain, and Ryan’s Steakhouse — without even a heads-up to its employees. Curious about what drove Ovation into this bankruptcy — the company’s third since 2008 — we took a closer look at some of the court filings, which raised more questions than they did answers. [More]
