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Oceanaire Restaurant In Indy Files For Bankruptcy

Last updated on Wednesday, July 8, 2009

(INDIANAPOLIS) - The high-end seafood restaurant chain Oceanaire has filed for chapter 11 bankruptcy, but owners of the Indianapolis location say their restaurant will stay open.

Oceanaire closed other restaurants in Cincinnati, Philadelphia, Seattle and Charlotte, North Carolina.

The company reportedly owes between $10 million and $50 million to at least 50 creditors.

The Oceanaire in Indianapolis employs about 85 people.

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