Archive for the ‘Corporate Bankruptcy’ Category

Chicago Cubs Files Chapter 11 Bankruptcy

Monday, October 12th, 2009

Chicago Cubs

The Chicago Cubs filed Chapter 11 Bankruptcy in an effort to sell the team and stave off its creditors. The bankruptcy has been anticipated and is expected to facilitate the sale and continuation of operations of the team.

Owner of Local Jack in the Box Franchises Also Files Bankruptcy On TGI Friday Restaurants

Monday, October 5th, 2009

Bankruptcy Update. Yesterday it was reported that the owner of 70 Jack in the Box franchise restaurants, including 10 located in Fresno, also has filed Chapter 11 bankruptcy protection for the 10 TGI Friday restaurants he owns in Northern California and the Pacific Northwest. The bankruptcy filing does not affect the TGI Friday restaurant located at Herdon and First in Fresno. According to news sources, the owner is facing tax and business operating debt. The restaurants have reopened, but its unclear how this set of multiple bankrupties will play out in the future.