In Bankruptcy In The News, Blog, Chapter 11 Bankruptcy

In its filing, the company listed assets of approximately $100 million and debts that exceeded $500 million.  The company filed its Chapter 11 documents in a U.S. Bankruptcy Court in Delaware.

Private Capital Partners agreed to purchase all assets said Claim Jumper in a statement.  The restaurant chain expects to leave bankruptcy within 60 to 75 days with no debt.  The company also told news sources that it filed a motion to set up an asset auction.

Chief Executive Officer Mark Augarten released a statement that said, “Our operations will continue just as they always have during the sale process.”

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