National chain with five Baltimore-area locations files for bankruptcy

National restaurant chain Red Lobster Management LLC, and its related subsidiaries, announced late Sunday that it has voluntarily filed for Chapter 11 bankruptcy relief in the U.S. Bankruptcy Court for the Middle District of Florida. The news came via an 11:34 p.m. release distributed by the company. Orlando-based Red Lobster said the filing is part of a reorganization to maintain the business as a going concern so it can sell to a buyer.