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Article: Groups that own Popeyes locations seek Chapter 11.(Local)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Carolyn Shapiro
The Virginian-Pilot
NORFOLK
The companies that own multiple Popeyes Louisiana Kitchen restaurants in Hampton Roads have filed for bankruptcy - three days after their primary lenders sued them for defaulting on $5.07 million in loans.
Twelve entities under the Saratoga Food Group LLC umbrella filed Monday for Chapter 11 protection from creditors in U.S. Bankruptcy Court in Norfolk. Saratoga Food Group, based in Virginia Beach, owns and operates 15 local Popeyes franchises through its various entities. Another of those, Saratoga Food Group Nova LLC, previously had filed for Chapter 11 protection in late September for ...