Right now debt levels are making it increasingly difficult for restaurants to succeed. For the consumer the solution is easy, simply use up your gift cards and buy as much product as you want before your favorite chain goes out of business. In this case, that chain could be Uno.

UNO Chicago Grill On The Brink Of Bankruptcy?

August 14th, 2008 — Gift Cards, bankruptcy

High debt levels continue to make it difficult for restaurants to succeed, and according to Bloomberg,
bankruptcy could be looming for UNO. The chain will have its credit
rating cut to “default” if they miss a payment this week, although the
company wants to delay paying the interest, making use of a 30 day
grace period allowed in the terms.

The Wall Street Journal quotes the CFO of Chicago Grill as saying: “We are not in any imminent danger of filing for bankruptcy.”

I would expect the CFO to say that, although nothing is for certain and it’s simply too early to tell for sure.

My advice? Spend those gift cards before they do file for
bankruptcy. Get some pizza, go out and have fun. If you don’t spend it
and you purchased your gift cards through LeverageCard.com, don’t worry, you’re protected by our bankruptcy policy.

Buy a pizza and freeze it.