SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K


                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

      Date of Report (Date of Earliest Event Reported): February 4, 2004



                               AVADO BRANDS, INC.
             ------------------------------------------------------
             (Exact name of Registrant as Specified in its Charter)


             Georgia                    0-19542               59-2778983
- -------------------------------     ----------------      -------------------
(State or other Jurisdiction of     (Commission File         (IRS Employer
Incorporation or Organization)          Number)           Identification No.)


         Hancock at Washington
           Madison, Georgia                              30650
- ----------------------------------------       -------------------------
              (Address)                               (Zip Code)

       Registrant's telephone number, including area code: (706) 342-4552

                                 Not Applicable
          (Former name or former address, if changed since last report)





     ITEM 3: BANKRUPTCY OR RECEIVERSHIP

     On February,  4, 2004, Avado Brands, Inc. (the "Company") filed a voluntary
petition under Chapter 11 of the United States  Bankruptcy Code (the "Bankruptcy
Code") in the United States  Bankruptcy Court for the Northern District of Texas
(the  "Bankruptcy  Court").  Honorable  Chief Judge Steven A.  Felsenthal of the
Bankruptcy Court was assigned to preside over the case, which is administered as
Case No. 04-31555.  The Debtor remains in possession of its assets and continues
to operate its business as  "debtor-in-possession"  pursuant to Sections 1107(a)
and 1108 of the  Bankruptcy  Code.  Kevin J. Leary  remains  the Interim CEO and
Louis J. Profumo remains the CFO. Robert Sroka remains as Acting Chairman of the
Board and the other incumbent directors also remain.

     Avado  Brands  filed Form 8-K's on  February  5, 2004 and  February 9, 2004
which  furnished  press  releases  issued by the Company on February 4, 2004 and
February 6, 2004, respectively,  announcing the Chapter 11 filing and subsequent
motions.



     ITEM 9: REGULATION FD DISCLOSURE

     On February 6, 2004,  the Bankruptcy  Court gave interim  approval of a $60
million  debtor-in-possession  ("DIP") credit  facility.  The credit facility is
provided  by a  group  of  lenders  led  by  DDJ  Capital  Management,  LLC,  as
administrative  and  collateral  agent,  for use by the Company to fund  ongoing
working  capital and general  corporate  needs,  as well as repay the  Company's
prepetition  secured  lenders.  The Company will have access to $45.5 million in
funds to operate its business  prior to a hearing for the final  approval of the
DIP  financing,  scheduled for March 4, 2004. On February 12, 2004,  the Company
utilized funds from the DIP financing to repay its prepetition secured lenders.



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                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                         AVADO BRANDS, INC.


                                         By:/s/Louis J. Profumo
                                         ----------------------
                                         Louis J. Profumo
                                         Chief Financial Officer


Date:  February 17, 2004


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