Hawkers Asian Street Food files for Ch. 11
Hawkers Asian Street Food, a local restaurant chain that has expanded to 15 locations across seven states since opening its Mills Avenue restaurant in 2011, filed for Chapter 11 bankruptcy protection Sept. 16.
Shortly after receiving a default notice from its lender — ABC Funding LLC, an administrative agent for Boston-based Summit Partners Subordinated Debt Fund IV-A LP — Hawkers leadership retained business bankruptcy attorney Scott Shuker of Orlando firm Shuker & Dorris PA.
The case was filed in the U.S. Bankruptcy Court for the Middle District of Florida.
“Hawkers has not missed a payment. I read the notice, and it became clear that the lender was seeking to divest them of their ownership,” said Shuker. “This is not like the Red Lobster case, where the focus was on a sale of the business. With Hawkers, there is no sale involved.”
