Debt and Bankruptcy

Is Ryan's restaruants going bankrupt?

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01/24/2008

Yes-- On Tueday, on January 22, 2008, Buffets Holdings, Inc., Buffets, Inc., Hometown Buffets, Inc., OCB Restaurant Company, LLC, OCB Purchasing Company, Buffets Leasing Company, LLC, Ryan's Restaurant Group, Inc., Buffets Franchise Holdings, LLC, Tahoe Joe's, Inc., Hometown Leasing Company, LLC, OCB Leasing Company, LLC, Big R Procurement Company, LLC, Ryan's Restaurant Leasing Company LLC, Fire Mountain Restaurants, LLC, Ryan's Restaurant Management, LLC, Tahoe Joe's Leasing Company, LLC, Fire Mountain Leasing Company and Fire Mountain Management Group, LLC (collectively, the "Debtors") filed petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under chapter 11 of the United States Bankruptcy Code. These cases are being jointly administered for procedural purposes, meaning that all pleadings filed in these cases will be reflected on case docket 08-10141 ("Main Case Docket"). The deadline for filing of proofs of claim against the Debtors in these cases has yet to be established. However, should you choose to file a proof of claim form at this time, completed forms may be sent to the following addresses:

If by first-class mail: Buffets Restaurant Holdings, LLC Claims Processing Center

c/o Epiq Bankruptcy Solutions, LLC

FDR Station, P.O. Box 5286

New York, NY 10150-5286 If by Hand-Delivery or Overnight mail: Buffets Restaurant Holdings, LLC Claims Processing Center

c/o Epiq Bankruptcy Solutions, LLC

757 Third Avenue, 3rd Floor

New York, NY 10017

Blank proof of claim forms can be obtained by selecting the "Documents" icon at the top of this page and then selecting "Proof of Claim Form" from the "Public Documents" list. On January 22, 2008, Buffets Holdings, Inc., Buffets, Inc., Hometown Buffets, Inc., OCB Restaurant Company, LLC, OCB Purchasing Company, Buffets Leasing Company, LLC, Ryan's Restaurant Group, Inc., Buffets Franchise Holdings, LLC, Tahoe Joe's, Inc., Hometown Leasing Company, LLC, OCB Leasing Company, LLC, Big R Procurement Company, LLC, Ryan's Restaurant Leasing Company LLC, Fire Mountain Restaurants, LLC, Ryan's Restaurant Management, LLC, Tahoe Joe's Leasing Company, LLC, Fire Mountain Leasing Company and Fire Mountain Management Group, LLC (collectively, the "Debtors") filed petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under chapter 11 of the United States Bankruptcy Code. These cases are being jointly administered for procedural purposes, meaning that all pleadings filed in these cases will be reflected on case docket 08-10141 ("Main Case Docket"). The Main Case Docket can be accessed through the website maintained by the United States Bankruptcy Court for the District of Delaware http://www.deb.uscourts.gov. An unofficial version of the docket is accessible by selecting the "Docket" icon at the top of this page. The deadline for filing of proofs of claim against the Debtors in these cases has yet to be established. However, should you choose to file a proof of claim form at this time, completed forms may be sent to the following addresses:

If by first-class mail: Buffets Restaurant Holdings, LLC Claims Processing Center

c/o Epiq Bankruptcy Solutions, LLC

FDR Station, P.O. Box 5286

New York, NY 10150-5286 If by Hand-Delivery or Overnight mail: Buffets Restaurant Holdings, LLC Claims Processing Center

c/o Epiq Bankruptcy Solutions, LLC

757 Third Avenue, 3rd Floor

New York, NY 10017

Blank proof of claim forms can be obtained by selecting the "Documents" icon at the top of this page and then selecting "Proof of Claim Form" from the "Public Documents" list. Lead Debtor: BUFFETS HOLDINGS, INC.

Case No.: 08-10141 Related Debtors BUFFETS, INC.

Case No.: 08-10142 HOMETOWN BUFFETS, INC.

Case No.: 08-10143 OCB RESTAURANT COMPANY, LLC

Case No.: 08-10144 OCB PURCHASING COMPANY

Case No.: 08-10145 BUFFETS LEASING COMPANY, LLC

Case No.: 08-10146 RYAN'S RESTAURANT GROUP, INC.

Case No.: 08-10147 BUFFETS FRANCHISE HOLDINGS, LLC

Case No.: 08-10148 TAHOE JOE'S, INC.

Case No.: 08-10149 HOMETOWN LEASING COMPANY, LLC

Case No.: 08-10150 OCB LEASING COMPANY, LLC

Case No.: 08-10151 BIG R PROCUREMENT COMPANY, LLC

Case No.: 08-10152 RYAN'S RESTAURANT LEASING COMPANY, LLC

Case No.: 08-10153 FIRE MOUNTAIN RESTAURANTS, LLC

Case No.: 08-10154 RYAN'S RESTAURANT MANAGEMENT, LLC

Case No.: 08-10155 TAHOE JOE'S LEASING COMPANY, LLC

Case No.: 08-10156 FIRE MOUNTAIN LEASING COMPANY

Case No.: 08-10157 FIRE MOUNTAIN MANAGEMENT GROUP, LLC

Case No.: 08-10158

The date and time for the meeting of creditors pursuant to Section 341 of the Bankruptcy Code has yet to be established by the Office of the United States Trustee.

Debtors' Counsel Young Conaway Stargatt & Taylor, LLP

The Brandywine Bldg.

1000 West Street, 17th Floor

PO Box 391

Wilmington, DE 19899-0391

http://youngconaway.com

Phone: (302) 571-6600 Fax: (302) 571-0453 Attn: Joel A. Waite, Esq. Pauline Morgan, Esq. M. Blake Cleary, Esq. Office of the United States Trustee

844 King Street, Suite 2207 - Lockbox #35

Wilmington, DE 19801

Phone: (302) 573-6491 Fax: (302) 573-6497 Debtors' Website: http://www.buffet.com Restructuring Website: http://www.buffet.com/restructuring.htm As stated above, an unofficial version of the docket of the Case Docket can be accessed through this website by selecting "Docket" icon at the top of this page. In addition, from time to time, certain key documents filed in this case or otherwise made available by the Debtor will be available by selecting the "Documents" icon above. Should you have any questions relating to this website, please feel free to contact us at 646.282.2500.