Popular restaurant Clark’s Fish Camp files for Chapter 11 bankruptcy to restructure business


Clark’s Fish Camp & Seafood Inc. filed for Chapter 11 bankruptcy following lower revenues and leadership changes.

Clark’s Fish Camp & Seafood Inc. filed for Chapter 11 bankruptcy following lower revenues and leadership changes.

The seafood restaurant along Julington Creek in Mandarin suffered significant damage during Hurricanes Matthew and Irma.

Hurricane Irma forced the restaurant to close from September 8 to November 11, according to the bankruptcy filing.

The restaurant owes around $ 566,000 on a mortgage to BBVA Compass Bank.

Clark’s income has been as follows over the past few years:

Jack and Joan Peoples founded the restaurant in 1974. Jack passed away in 1999 and Joan retired from daily activities in 2012.

The file indicates that the management of the restaurant resulted in a decrease in quality and a loss of customers.

First Coast News received a statement from the attorney representing Clark’s Fish Camp on Tuesday afternoon. The statement says the restaurant is not closing and that it “will continue to provide our customers with the same quality dining experience that we have been providing since 1974 and will continue to pay our current debts as they fall due. “.

The statement also explains the restaurant’s decision to file for Chapter 11 bankruptcy.

The decision for us to use a Chapter 11 reorganization was not made in a hurry. As many Clark’s customers know, Hurricanes Matthew and Irma caused significant damage to the restaurant and forced us to shut down for extended periods in 2016 and 2017. The combined losses associated with property damage and loss of revenue due to closures have put us in a financial position where we have not been able to timely satisfy all of our creditors.

Stay with First Coast News as we continue to follow this developing story.


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