TGI Fridays Inc. Files Voluntary Chapter 11 Petitions to Address Legacy Liabilities and Position Restaurants for Long-Term Success: "The primary driver of our financial challenges resulted from COVID-19 and our capital structure. This restructuring will allow our go-forward restaurants to proceed with an optimized corporate infrastructure that enables them to reach their full potential."
B. Riley-Backed Franchise Group Files for Bankruptcy - Bloomberg: Franchise Group Inc., the owner of brands including the Vitamin Shoppe and Pet Supplies Plus, filed for bankruptcy protection after months of losses and turmoil surrounding its founder and its backer B. Riley Financial Inc.
CarePoint Initiates Financial Restructuring Amid Industry-Wide Financial Challenges: CarePoint announced that it has taken steps to implement a financial restructuring designed to improve its capital structure and position the Company to deliver essential patient care well into the future. To facilitate this process, CarePoint has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court in Delaware.
