Restaurant Chain TGI Fridays Files For Bankruptcy

In recent months, other casual dining chains like Red Lobster have also filed for bankruptcy.

TGI Fridays, a staple of strip malls around the country for decades, filed for Chapter 11 bankruptcy in Texas on Saturday.

The TGI Fridays at the Destiny USA mall in Syracuse, New York closed in late October with no warning — just a handful of days before the larger company filed for bankruptcy.