Krystal Company files for Chapter 11 bankruptcy - WDEF
KRYSTAL COMPANY FILES FOR CHAPTER 11 BANKRUPTCY
DUNWOODY, Georgia (WDEF) – The Krystal Company, which was founded in Chattanooga, has filed for Chapter 11 bankruptcy.
The company filed the petition on Sunday in Dunwoody, Georgia, where they are now located.
The company cites debts between $50 and $100 million dollars with assets of just $50,000.
In the last couple of years, the south’s oldest fast food chain had begun trying a new, smaller restaurant model.
They also have tried to refranchise more than 100 company owner locations, and closing under-performing ones like the restaurant ion Brainerd Road.
Ain't nobody messing with them fake White Castles!
I seen dogs and junkies pass on that garbage


and they owe >$50milly?