BurgerFi files for bankruptcy with up to $500 million in debt

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

BurgerFi International, the fast-casual restaurant operator behind BurgerFi and Anthony’s Coal Fired Pizza, filed for Chapter 11 bankruptcy with estimated debt between $100 million and $500 million.

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The motion comes nearly a month after the Fort Lauderdale-based company (Nasdaq: BFI) notified the U.S. Securities and Exchange Commission that reorganization might be its best option for survival.

Thomas Joseph Francella Jr., a partner at Raines Feldman Littrell LLP, filed a voluntary bankruptcy petition for BurgerFi with the U.S. Bankruptcy Court for the District of Delaware on Sept. 11. The case was assigned to Judge Craig T. Goldblatt.

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