Chapter 11 bankruptcy is a legal process where a business can reorganize its debts and operations while continuing to function. On The Border, a Tex-Mex restaurant chain founded in Dallas in 1982, is the latest restaurant to file for bankruptcy protection. The company hopes to restructure and find a buyer. - On The Border Mexican Grill & Cantina has filed for Chapter 11 bankruptcy protection. - The company cited inflation and changing customer behavior as key factors leading to the bankruptcy filing. - At least 77 On The Border locations have been closed across 24 states. - The company currently operates around 60 locations across the United States. - On The Border hopes to restructure its business and find a buyer through the bankruptcy process.