Chain Restaurant Files for Bankruptcy
Posted on Oct 27, 2011 7:20pm PDT
Pat & Oscar's, a chain restaurant, has reportedly filed for Chapter 7 bankruptcy. According to reports, despite the bankruptcy filing, the franchisees are promising to remain open. However, the filing will have the company liquidating assets. The company reportedly listed assets at $331,459 while liabilities were listed at $4.1 million.
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