Yardbird News & Analysis

Yardbird Files for Bankruptcy Amid $24.8 Million in Debt

Yardbird Southern Table & Bar filed for bankruptcy on Sunday, facing approximately $24.8 million in funded debt and an estimated $24.2 million in unsecured claims. The company intends to operate during the bankruptcy process while pursuing a going-concern sale. Major debts include $13.3 million owed to Brightwood Loan Services and nearly $8.4 million to City National Bank of Florida through a Main Street Lending Program loan. This situation highlights the financial strains from expansion costs and pandemic-related disruptions, which could impact employment for around 508 employees.