Z’Tejas Files for Chapter 11 Bankruptcy
Z’Tejas Inc., a Scottsdale-based group that includes all Z’Tejas restaurants and Taco Guild in Phoenix filed for Chapter 11 bankruptcy last week. In the filing, Z’Tejas President and CEO Steven Micheletti says the chain has about $9.25 million in outstanding debt. According to the filings, a decline in sales contributed…