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ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
Dallas-based TGI Friday’s Inc. on Nov. 2 filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court Northern District of Texas, legal records show.
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The filings show the chain has between 1,000 and 5,000 creditors, $100 million to $500 million in assets and $100 million to $500 million in liabilities.
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In recent weeks, signs pointed to an imminent bankruptcy filing, including a rash of closures in the U.S. and the company’s United Kingdom contingent went into administration — the UK’s version of bankruptcy. Dozens of U.K. restaurants closed, too.
Click here to read the full story on the Orlando Business Journal’s website.
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