Did you hear about Melt Bar and Grill? That’s right, the same place known for their epic grilled cheese in Ohio just hit a bit of a snag. They’ve filed for bankruptcy, and it’s stirred up quite the buzz. We’re talking liabilities in the ballpark of $1 million to $10 million! Quite the pickle, huh?
Now, before we dive deeper, let’s unpack what’s happening. They’re not shutting down—nope, they’re just reorganizing things to keep the grills hot and the cheese melting. Thanks to a court order on June 21, they can still pay their staff through a payroll account with KeyBank. So, if you’re a fan, your favorite server is still there, smiling and serving up those delicious bites.
But here’s where it gets tricky. The court’s putting a pause on any severance, vacation pay, or bonuses unless they get the green light from Judge Alan M. Koschik, who’s handling the case. The aim? To keep the restaurant chain afloat while they figure things out with their creditors.
What’s next for Melt? There’s a status conference scheduled for August 6. That’s going to give us a clearer picture of where things stand. And, all creditors, except government agencies, have until August 27 to make their claims on what’s owed.