A Memphis-based restaurant group filed for chapter 11 protection last Friday, according to federal bankruptcy court records, LocalMemphis.com reported. Holiday Ham Holdings, LLC, the parent company of Memphis-based restaurants Pimento's and Holiday Deli & Ham Co., filed for bankruptcy with the West Tennessee Bankruptcy Court Friday, July 7, with more than $3.2 million in debt, according to court records. While the group, which owns four different restaurants around Memphis between the two brands, has not said whether the move will affect restaurants or jobs, they will not be required to sell their assets to debt collectors, according to the terms of chapter 11 bankruptcy. Holiday Deli & Ham Co. began operations in Tennessee in July, 2015, and opened their first restaurant shortly thereafter.
