Saturday, April 18, 2009


Two subsidiaries of Fatburger Corp. filed for Chapter 11 bankruptcy this week.

They are seeking to break leases at unprofitable stores. The company plans "to restructure or reject a number of their unfavorable leases…so that they are left with only profitable locations, and to restructure their existing debt."

Fast Food Maven reports that stores will stay open while the company's loans are restructured.

As much as we like In-N-Out Burger, I think we like Fatburger even more. I certainly hope their stores in Buena Park and Newport Beach aren't closed.


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