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Fatburger Owner FAT Brands Hits Ch. 11 With $1.5B Debt

A low-angle view of the restaurant name Fatburger as it appears in yellow font on a building facade

By Emily Lever

FAT Brands Inc., the owner of Fatburger and Johnny Rockets, and affiliates have filed for Chapter 11 protection in a Texas bankruptcy court with $1.45 billion in funded debt, felled by an unsustainable debt load and flagging liquidity. 


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