Krystal files for Chapter 11 bankruptcy

National

ATLANTA (WATE) – The Krystal Company announces in a press release that they have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Georgia.

The release states that the company intends to use this to protect and supports its ongoing business operations, address its obligations and pursue an orderly sale of its business and assets as a going concern.

Krystal restaurants will remain open and continue operating on a normal basis.

“The actions we are taking today will enable Krystal to establish a stronger business for the future. We look forward to emerging from this process as quickly and efficiently as possible with the support of our valued customers, team members, franchisees, and suppliers.”

 TIM WARD, PRESIDENT OF KRYSTAL

The release also says that the company has been in contact with its suppliers to ensure that products will continue to be delivered to their restaurants.

The release also provides that additional information can be found at:

  • Krystal’ Restructuring Information Hotline for interested parties at (888) 249‐2792.  
  • Krystal’s website at https://krystal.com/.  
  • Court filings and information about the claims process can be found at a separate website maintained by Krystal’s claims agent, KCC, at http://www.kccllc.net/krystal.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Top Videos

Citrus County couple back home after weeks on cruise ships during coronavirus outbreak

Thumbnail for the video titled "Citrus County couple back home after weeks on cruise ships during coronavirus outbreak"

Trump says he will speak with DeSantis about cruise ships

Thumbnail for the video titled "Trump says he will speak with DeSantis about cruise ships"

businesses shutting down

Thumbnail for the video titled "businesses shutting down"

tobacco depot video

Thumbnail for the video titled "tobacco depot video"

Clearwater police surprise 6-year-old for his birthday

Thumbnail for the video titled "Clearwater police surprise 6-year-old for his birthday"

Migrant workers especially suffering during coronavirus crisis

Thumbnail for the video titled "Migrant workers especially suffering during coronavirus crisis"

evan small business stimulus loans

Thumbnail for the video titled "evan small business stimulus loans"

48 Hillsborough County first responders in quarantine due to COVID-19

Thumbnail for the video titled "48 Hillsborough County first responders in quarantine due to COVID-19"

a Tampa restaurant owner is using her voice to spread joy

Thumbnail for the video titled "a Tampa restaurant owner is using her voice to spread joy"

You could get arrested in Pinellas Co. for not social distancing

Thumbnail for the video titled "You could get arrested in Pinellas Co. for not social distancing"

'We appreciate you' Pinellas Co. man offering free lawn care to health care professionals

Thumbnail for the video titled "'We appreciate you' Pinellas Co. man offering free lawn care to health care professionals"

Manatee County Chair Betsy Benac regarding current situation

Thumbnail for the video titled "Manatee County Chair Betsy Benac regarding current situation"
More Local News

Trending Stories

get the app

News App

Weather App

Don't Miss

More Don't Miss