Fatburger's California and Nevada subsidiaries filed for bankruptcy and are in need of loan restructuring. Indications are their Fatburger locations, 32 in all, will stay open during the proceedings. The bankruptcy affects more than a third of all Fatburger stores.
regional stores: April 2009 Archives
In Alabama, Big 10 Tires filed for bankruptcy protection, citing insufficient operating funds. The tire retailer has 104 retail stores across three southern states. Big 10 Tires plans to keep its doors open while negotiating rent and debt relief.
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In New York, old-world gourmet retailer Balducci's is closing both its locations by the end of April. The grocery store, which dates back 63 years to the Greenwich Village, gave up its original location in 2003. Balducci's has since expanded to eight locations throught the northeast, none of which have been reported as slated to close.
