Legendary Chicago bar and grill chain Boston Blackies hasfiled for Chapter 11 bankruptcy protection.

Boston Blackies Management Co. which has eight locations inthe Chicago area, listed debts of $6.4 million and assets of only $17,000.Blackies filed a petition in U.S. Bankruptcy Court in Chicago about a week ago.Their largest creditor is General Electric Capital Corp. which is owed $5.6million, according to the petition.

The restaurant is expected to remain open despite thefiling.

Owners of the chain say they ran into financial troubleafter an ambitious expansion plan was fried by the recession.

If you are considering filing for bankruptcy, please contactthe Galveston Bankruptcy Lawyers of Gipson, Norman & Root by calling409-765-6000.