Perkins Chain to Emerge from Bankruptcy
Posted on Aug 1, 2011 1:20pm PDT
Perkins & Marie Callender's Inc. is reportedly planning on emerging from bankruptcy. According to reports, the owner of the restaurant chains expects to emerge during the fourth quarter under the control of note holders. Now, the company has filed a plan of reorganization that will cut its debt by swapping newly issued stock for its unsecured notes.
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