Matadoor Restaurant Group LLC, a South Carolina-based Del Taco franchisee, has filed for Chapter 11 bankruptcy protection. The July 15 filing cites rising operating costs and falling sales as key reasons behind the bankruptcy move.
Highlights
- Del Taco’s franchisee filed for bankruptcy protection on July 15.
- PacerMonitor’s data listed the South Carolina-based company’s assets and liabilities between $1 million and $10 million.
- It is a part of the network of related companies owned/controlled by Red Door Brands LLC.
Del Taco Franchisee Files for Chapter 11 Bankruptcy
The estimated assets and liabilities of Matadoor Restaurant Group LLC, according to PacerMonitor, fall between $1 million and $10 million. Additionally, it must pay around $3 million in 10 merchant cash advance (MCA) loans to about nine different creditors.
Creditors have filed UCC-1 financing statements in an effort to secure claims against the company’s assets.
Matadoor Restaurant Group, LLC is a part of the network of related companies owned/controlled by Red Door Brands LLC, which also owns Red Door Pizza LLC and Maverick Restaurant Group LLC.
In a recent development, a lien was filed against the Del Taco franchisee’s bank accounts, which affected its operations. AThe Chapter 11 filing gives Matadoor a chance to restructure its finances while pausing creditor actions.
Del Taco Franchisee to Continue Operations During Bankruptcy Proceedings
According to data from PacerMonitor, Matadoor Restaurant Group will participate in a creditors’ meeting on August 18, 2025. While reorganizing finances during proceedings, the South Carolina-based franchisee plans to continue operations. The company operates 22 Del Taco locations across Alabama and Georgia, which will remain open during the proceedings.
