After failed Chapter 11 bankruptcy, fast-food chain tries comeback
The once-national chain's owner twice tried (and failed) to file for Chapter 11 bankruptcy protection.
When a company files for chapter, it gets an different to barter with its creditors, distributors, and landlords. In most cases it is going to impress concessions and salvage new money that allow it to have working.
In plenty of cases, the a big different of agencies and of us a company owes money to gaze value in its survival. Maybe the bankrupt operation ran out of cash thanks to a once-in-a-lifetime jam worship the Covid pandemic or yet every other catastrophic match.
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Many distributors and landlords gaze the value in conserving a once-good buyer afloat, even supposing it capacity forgiving some debt or taking equity in return for money owed.
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