Krystal Burger files for Bankruptcy

Photo: Restaurantfastfoodspotblogspot.com

The Krystal Company, the fast food restaurant known for its hamburgers, has filed for bankruptcy in the Northern District of Georgia. The bankruptcy petition reveals between $50 million and $100 million in debt.

The company released the following statement per Nation’s Restaurant News:

“The actions we are taking are intended to enable Krystal to establish a stronger business for the future and to achieve a restructuring in a fast and efficient manner,” the company said in a statement Monday afternoon. “We are pleased to be ready to move toward a brighter future for the brand and have the support of our stakeholders.”

Krystal has 318 restaurants with 202 of them company-owned and the remaining 116 franchised.

Have questions regarding bankruptcy? Then contact Attorney Alex Hernandez for a free consultation. Saturday appointments are available.

Attorney Alex Hernandez

Representing clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents for 20 years. (904) 712-5565 or (305)-688-LAWS (5297). *Se Habla Español

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