Krystal Co., the Georgia-based restaurant chain known for tiny hamburgers and late-night service across the Southeast, has filed for bankruptcy.
Federal court documents showed Krystal sought Chapter 11 bankruptcy protection in Atlanta on Sunday. The company said it owed between $50 million and $100 million to food suppliers, equipment companies and others.
With nearly 350 restaurants in 10 states, the company didn’t announce plans to close any locations, but it previously closed dozens of restaurants. The company operates 182 of its current locations with 4,890 employees, and franchisees run another 166 locations, restructuring officer Jonathan M. Tibus said in a court filing.
Read this story now for free
To continue reading, sign up for our newsletter and get unlimited access to WABE.org
You can select your preferences for news and local content. We will never share your email address. Learn how your newsletter sign-up will support WABE and Public Media
