Sbarro Ch. 11 Ready To Be Pulled Out Of Oven
Under the plan approved by U.S. Bankruptcy Judge Shelley C. Chapman, ownership of the troubled pizza chain will go to senior lenders, which are owed approximately $176 million. The company, whose restaurants have been operating as usual during the bankruptcy, said it expected to come out of the process healthy.
"Today's ruling marks an important milestone in...
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