Four Fingers LLC has formally turned to bankruptcy protection. The company currently operates under its business name Salt and Lime Modern Mexican Grill, which is a Mexican restaurant chain.
The filing comes as many restaurant operators continue to face rising costs and financial pressure. Several restaurant operators, including Tex-Mex concepts and longtime diners, have sought bankruptcy protection in recent months.
Four Fingers LLC Files for Chapter 11
The current operator of Salt and Lime Modern Mexican Grill submitted its petition on June 15, 2026. Authorized representative Sandra E Van Derra signed the petition on behalf of the Scottsdale-based restaurant operator prior to filing.
Case filings show a wide gap between the estimated assets and liabilities.
Court filings describe Four Fingers LLC as a small business debtor that elected to proceed under Subchapter V of Chapter 11.
In addition to Scottsdale, the restaurant chain operates locations in Cave Creek and Phoenix.
Case Related Details
Case records, as available on Pacermonitor, suggest that the company owes more than what it owns. While the estimated assets of Four Fingers LLC range from $50,000 to $100,000, its liabilities are listed between $1 billion and $10 billion.
Court filings also indicate that after administrative expenses are paid, no funds will be available for distribution to the unsecured creditors.
Attorney John Powers of Powers Law is the legal counsel for Four Fingers LLC.
A summarized version of the Chapter 11 petition is shared here:
- Filing Date: June 15, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of Arizona
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 2:26-bk-05905
- Estimated Assets: Between $50,000 and $100,000
- Estimated Liabilities: Between $1,000,000,001 and $10 billion
- Estimated Creditors: 1-49
- Reason for Filing: Restructure business under court supervision
The Restaurant Industry Faces a Wave of Bankruptcy
Restaurant operators across the U.S. have been vulnerable to a growing financial strain elevated by rising food costs, debt pressures, and more issues.
A Lebanese restaurant from North Hollywood, California made a Chapter 11 filing on March 11, 2026. The case records described it as a small business debtor that had opted to move through Subchapter V proceedings. Hayats Kitchen, Inc. serves hummus, mujadara, tabouli, and other dishes.
A Tex-Mex restaurant filed for bankruptcy on February 26, 2026, after reporting a significant gap between its assets and liabilities. The petition mentioned that The Tavern Bar & Tacos, LLC elected to proceed using Subchapter V. The restaurant in downtown Orlando has been offering Mexican-themed brunches and breakfasts for nearly five years.
JIB Foods Inc. sought bankruptcy relief using a Chapter 11 filing on February 4, 2026. Case records showed that the company hoped to readjust its debts under a Subchapter V process. The company functions as Pete’s Restaurant & Brewhouse, which has been serving a range of pizzas and cocktails for over four decades.
After decades of operations, a longstanding bar & grill restaurant in Evanston, Chicago, turned to bankruptcy on January 20, 2026. Firehouse Grill Inc. stepped into the proceedings while facing a financial imbalance. Its filing came nearly four years after the restaurant’s owner acquired Bluestone, a New American seafood staple.
A BBQ restaurant in Plano, Texas, entered bankruptcy on July 23, 2025, after around six years of operations. While it operates as Burnt BBQ & Tacos, the filing was made under its legal name, Burnt LLC. The petition showed a financial disparity between the estimated assets and liabilities.
The latest filing places Salt and Lime Modern Mexican Grill among various independent and regional restaurant operators that are seeking Chapter 11 protection. The outcome of its case is expected to shape its future operations across Arizona.
