Sbarro's Latest Bankruptcy Can't Be Reheated Version Of 1st

Law360, New York (March 10, 2014, 8:49 PM EDT) -- If Sbarro Holdings LLC hopes to make its second bankruptcy go-around more successful — and lasting — than its previous trip, the chain must dig in deep to carve off a chunk of its lease burdens, rework its bloated organizational structure and eke out new concessions from already burned creditors, experts say.

The troubled restaurant chain, which is crashing back into bankruptcy just two years after exiting Chapter 11 protection, is offering up a new debt-for-equity swap deal to lenders. But attorneys warn that for Sbarro...
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