Ruby Tuesday (2020)

Ruby Tuesday's October 2020 bankruptcy was the chain's second filing. The casual dining company had emerged from Chapter 11 in 2018, only to face COVID two years later. By 2020, Ruby Tuesday operated 236 locations, down from 750+ at peak. The company emerged from the second bankruptcy with new ownership but fewer than 200 locations. Ruby Tuesday demonstrated that emerging from bankruptcy weakened doesn't guarantee survival of the next crisis.