Background on the Debtor

Metromedia Steakhouses Company, L.P., parent company to Bonanza Steakhouse and Ponderosa Steakhouse,  filed petitions for chapter 11 bankruptcy in the District of Delaware on October 22, 2008.  As stated in Metromedia’s affidavit in support of first day motions,  Bonanza Steakhouse began in Texas in 1963 and grew to over 600…