Article: Groups that own Popeyes locations seek Chapter 11.(Local)

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 ...

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