Latest News 2011 October Restaurant Chain Owners File for Bankruptcy

Restaurant Chain Owners File for Bankruptcy

The company that owns the Souper Salad and Grandy's has reportedly filed for Chapter 11 bankruptcy. According to reports, the company has tried to cut costs by closing some locations, but has still had problems with the struggling economy. The company has reportedly listed assets at about $24 million while liabilities have reportedly been listed at $47 million.     

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