{"id":860581,"date":"2026-09-25T20:52:12","date_gmt":"2026-09-25T20:52:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/860581\/"},"modified":"2026-09-25T20:52:12","modified_gmt":"2026-09-25T20:52:12","slug":"florida-village-inn-franchisee-files-chapter-11-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/860581\/","title":{"rendered":"Florida Village Inn franchisee files Chapter 11 bankruptcy protection"},"content":{"rendered":"\n

Major Food Group chef and co-owner Mario Carbone discusses how rising prices have affected the restaurant and food industries as a whole on ‘The Claman Countdown.’<\/p>\n

The operator of a Village Inn restaurant in<\/a> Oldsmar, Florida, has filed for Chapter 11 bankruptcy protection after reporting more than $554,000 in liabilities, according to court filings obtained by FOX Business.<\/p>\n

VI Oldsmar LLC filed its Chapter 11 petition in the U.S. Bankruptcy Court for the Middle District of Florida on Sept. 18, electing to proceed under Subchapter V, which is a streamlined bankruptcy process for qualifying small businesses.<\/p>\n

Court filings show the company listed<\/a> about $72,335 in assets and $554,076 in liabilities, with between one and 49 creditors.<\/p>\n

MAKER OF ICE CREAM SOLD AT GROCERY STORES NATIONWIDE FILES FOR BANKRUPTCY AS IT APPEALS $23.8M JUDGMENT<\/a><\/p>\n

\"A <\/p>\n

A Village Inn restaurant is shown in this Google Maps image. (Google Maps)<\/p>\n

Its assets included about $5,235 in cash, $15,000 in food and paper<\/a> inventory, $50,000 in kitchen equipment and roughly $2,100 in office furniture and equipment.<\/p>\n

The company’s largest creditors include 3682 JAGS LLC, which is owed $250,000, the Florida Department of Revenue at $120,400, the Internal Revenue Service<\/a> at $78,500, US Foods at roughly $40,301 and Sysco at $30,000, according to court filings.<\/p>\n

According to the Tampa Bay Business Journal<\/a>, the franchisee has struggled with the lingering effects of the 2024 hurricanes that struck the Tampa Bay region, along with declining restaurant sales and rising operating costs.<\/p>\n

OUTDOOR RETAILER CLOSING NEARLY 60 STORES AMID BANKRUPTCY<\/a><\/p>\n

\"A <\/p>\n

A Village Inn sign is shown here. (Google Maps)<\/p>\n

The Oldsmar restaurant remains open and has no plans to close, an employee at the location told The Street<\/a> on Tuesday.<\/p>\n

The Oldsmar filing marks the fifth Chapter 11 bankruptcy<\/a> by Village Inn franchisees operated by managing member Lloyd D. Lehan IV since June, according to The Street.<\/p>\n

The latest filing follows Bay Pines Group LLC’s Chapter 11 bankruptcy petition last month, court filings show.\u00a0<\/p>\n

Bay Pines Group, which also is owned by Lehan, operates the Village Inn on Bay Pines Boulevard in Seminole, Florida, The Street reported.<\/p>\n

DETROIT BANKRUPTCY CASE OFFICIALLY CLOSES MORE THAN 13 YEARS AFTER HISTORIC FILING<\/a><\/p>\n

\"Chapter <\/p>\n

The Oldsmar filing reportedly marks the fifth Chapter 11 bankruptcy by Village Inn franchisees operated by managing member Lloyd D. Lehan IV since June. (iStock)<\/p>\n

CLICK HERE TO GET FOX BUSINESS ON THE GO<\/a><\/p>\n

Village Inn, which was founded in Denver in 1958 as Village Inn Pancake House, now operates more than 100 company-owned and franchised restaurants across several states, including Colorado, Florida, Texas and Arizona, according to its website.<\/p>\n

Village Inn, franchise operator Lloyd D. Lehan IV and the Oldsmar restaurant could not immediately be reached by FOX Business for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"Major Food Group chef and co-owner Mario Carbone discusses how rising prices have affected the restaurant and food…\n","protected":false},"author":2,"featured_media":860582,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28],"class_list":["post-860581","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/860581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=860581"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/860581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/860582"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=860581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=860581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=860581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}