Bar Louie Files Chapter 11 Bankruptcy

Bar Louie, announced that its lenders will serve as a stalking horse purchaser in its upcoming Chapter 11 bankruptcy filing. A stalking horse purchaser allows a guaranteed bid on the company’s debt to increase the value of the company in bankruptcy court.  The company will continue to operate its more than 90 locations across the United States in the normal course of business, according to a report from PR Newswire.

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Bar Louie, announced that its lenders will serve as a stalking horse purchaser in its upcoming Chapter 11 bankruptcy filing. A stalking horse purchaser allows a guaranteed bid on the company’s debt to increase the value of the company in bankruptcy court.  The company will continue to operate its more than 90 locations across the United States in the normal course of business, according to a report from PR Newswire.

Bar Louie has filed voluntary petitions for relief under Chapter 11 protection of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Daily operations will continue as normal through the bankruptcy process. The Company expects the Chapter 11 process to last at least 90 days.

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