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Pihakis Restaurant Group Files Bankruptcy | Raleigh News
Nick Pihakis, owner of the struggling Pihakis Restaurant Group, has filed for Chapter 7 bankruptcy, triggering the liquidation of over $10 million in assets to cover more than $44 million in debts—much of it tied to personal guarantees on business loans. The fallout includes shuttered locations of Hero Diner and Psito, with brands like Little Donkey and Rodney Scott’s BBQ facing uncertain futures. Despite earlier claims of restructuring efforts, the group remains silent as dozens of creditors pursue millions in unpaid bills, exposing a deep entanglement between Pihakis’s personal finances and…
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