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Topic	Red Lobster abruptly closes dozens of stores
Melody_JR 05/15/24 11:28:00 PM #9:	BlackScythe0 posted... Abruptly? What do you mean? They filed for bankruptcy like a month+ ago There was no notice to the employees or anyone around. Employees came up to the doors and found them locked with notes. That's abrupt. Simply because a company files for bankruptcy (which they actually have not, so your assertion is incorrect), doesn't mean the company is going to close. Chapter 11 is not "Just give up and drop all debt and close down." It's restructuring to pay back the majority, if not all, of their debt, at a different pace. While closures can be a part of this, they are not automatic. Not to mention, again, they did not file for bankruptcy. --- She/her <cite>Melody_JR posted [p:980414800] in Red Lobste... [t:80769946]...</cite> <quote>BlackScythe0 posted... </cite><quote>Abruptly? What do you mean? They filed for bankruptcy like a month+ ago</quote>There was no notice to the employees or anyone around. Employees came up to the doors and found them locked with notes. That's abrupt. Simply because a company files for bankruptcy (which they actually have not, so your assertion is incorrect), doesn't mean the company is going to close. Chapter 11 is not "Just give up and drop all debt and close down." It's restructuring to pay back the majority, if not all, of their debt, at a different pace.While closures can be a part of this, they are not automatic.Not to mention, again, they did not file for bankruptcy. --- She/her</quote> ... Copied to Clipboard!
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