Z'Tejas files for Chapter 11 reorganization

- FOX 10 Phoenix has learned that Z'Tejas has filed for Chapter 11 reorganization.

According to an e-mail statement received by FOX 10 Phoenix, Cornbread Ventures, LP, the owner of Z'Tejas, has filed the case in the U.S. Bankruptcy Court in Phoenix.

According to the statement, locations in Phoenix and Austin, Texas will remain open. A corporate restructuring counsel was retained in Phoenix.

The announcement Monday came, after a number of Z'Tejas location in Phoenix was closed. According to the statement released Monday, four under-performing locations were closed.

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