Fast food burger chain Krystal has filed for chapter 11 bankruptcy. The Georgia-based chain filed on Sunday in Atlanta.
Documents filed by Krystal, known for tiny burgers and late-night service, stated that the company owed between $50 million and $100 million to food suppliers and more.
Reps for the company didn’t tell ABC News if they plan to close any of Krystal’s stores. Shifting consumer taste and growing cost were two factors for bankrutpcy.
Source: http://newschannel9.com/news/local/the-krystal-company-files-for-bankruptcy
