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The beloved "meat n’ three" restaurant came to an impasse with its bank negotiatingb a refinance of its main which is worth more thanits debt, Monell’s attorne Ernest Williams says. “Monell’s obligation to its principal creditorf matured. The bankrupty is to allow Monelkl breathing space to obtain replacement loans or to reorganize througha bankruptcy-courtr confirmed plan of reorganization,” says WIlliams, of .
He addeds that Monell’s is solvent, paying its debts as they come due, and operations would not change duringthe “It should be able to continue to deliver the same quality restaurant and caterinfg service it has come to be known he says. The Nashville institution is based in Germantown in an house on Sixth Avenue owneds by president Michael JohnAbraham King, and also leases a restauran t space in Franklin, with a catering arm on 31st
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