Popular fast-food chain shares Chapter 11 bankruptcy news
The iconic sandwich and frozen treat chain has already closed some locations.
A number of restaurant chains have recently filed for Chapter 11 bankruptcy protection and come out the other side.
Red Lobster closed dozens of stores but continues to operate. The same thing happened with Hooters, Bucca di Beppo, On the Border, and TGI Fridays. Boston Market was not allowed to file for bankruptcy due to its owner not providing enough information and has essentially closed.
