According to the Portland Business Journal, Salem based McGrath’s Publick Fish House has filed for Chapter 11. The chain of 20 restaurants filed for protection on Wednesday. In the petition, they list between 1,000 and 5,000 creditors. The chain has 7 restaurants in Oregon, 1 in Idaho and 5 in both Washington and Arizona.

Its top five creditors include General Electric Capital Corp., owed $3.89 million, of which $2 million is secured; Sterling Savings Bank, owed $3.5 million, of which $2.46 is secured; GE Commercial Finance Business Property, owed $2.45 million, most of it secured; Arizona Business Bank, owed $2.3 million, $1.6 million secured; and KeyBank National Association, owed $1.36 million, $617,400 of it secured.

Oregon-based creditors include US Bancorp, owed $1 million; Pacific Seafood, owed $106,595; Sysco Food Services of Portland Inc., owed $88,404; Pan Pacific Retail Properties/Kimco Realty, owed $62,998; and Duck Delivery Products Inc., owed $23,529.

The company lists their assets and liability’s between $10 and $50 million dollars.

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