Costa Mesa-based S.B. Restaurant Co., operator of the Elephant Bar Restaurant chain, filed for Chapter 11 bankruptcy Monday.
The Business Journal reported in this week’s print edition that the company had closed a third of its locations.
S.B. Restaurant Co. also requested court approval of $3.3 million in “debtor-in-possession” financing so it can keep operating.
The company is seeking a buyer for the chain.
The petition was filed in U.S. Bankruptcy Court in Santa Ana.
