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 This material may not be published, broadcast, rewritten, or redistributed.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

Tampa Bay misses out on first WrestleMania due to coronavirus

Thumbnail for the video titled "Tampa Bay misses out on first WrestleMania due to coronavirus"

Fire near Florida airport burns 3,500 rental cars

Thumbnail for the video titled "Fire near Florida airport burns 3,500 rental cars"

Life-sized 'Candy Land' game and pinwheel field pops up in Seminole Heights

Thumbnail for the video titled "Life-sized 'Candy Land' game and pinwheel field pops up in Seminole Heights"

Tampa church offers drive-in worship service, a decades old tradition

Thumbnail for the video titled "Tampa church offers drive-in worship service, a decades old tradition"

Teamwork! Drone video shows pod of dolphins chasing lunch

Thumbnail for the video titled "Teamwork! Drone video shows pod of dolphins chasing lunch"

Face masks being made across Tampa Bay during coronavirus pandemic

Thumbnail for the video titled "Face masks being made across Tampa Bay during coronavirus pandemic"

Local event planner creates game encouraging residents to try, support new restaurants while stuck at home

Thumbnail for the video titled "Local event planner creates game encouraging residents to try, support new restaurants while stuck at home"

Early hurricane season forecasts predict a lightly above average season

Thumbnail for the video titled "Early hurricane season forecasts predict a lightly above average season"

Family of missing St. Petersburg woman is losing hope

Thumbnail for the video titled "Family of missing St. Petersburg woman is losing hope"
More Local News

Trending Stories

get the app

News App

Weather App

Don't Miss

More Don't Miss