Red Lobster announced that it had filed for voluntary Chapter 11 bankruptcy Sunday night.
The company has $1 billion in debt. They have plans to sell their business to their lenders.
It expects to continue to close restaurants in the meantime.
Red Lobster files for bankruptcy
Read More
Manhunt underway for ‘Dangerous’ suspect who escaped garden
September 4, 2025
8 Metro Detroit Men Smuggled millions Worth of
September 4, 2025
Second Detroit Winner This Week: $2 Million Powerball
September 4, 2025
Human skeletal remains found in Detroit backyard
September 3, 2025
DTE Installing Smart Devices to Reduce Outages, Already
September 3, 2025
Leave feedback about this