Chapter 11 Bankruptcy News: Saladworks Files for Chapter 11 Bankruptcy

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Summary of the Article

 

Saladworks | This produce heavy restaurant chain has filed for Chapter 11 bankruptcy

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Article

CONSHOHOCKEN, PA – Saladworks has filed for Chapter 11 bankruptcy protection this week and announced that it is seeking a buyer in an effort to end litigation between its owners.

 

In documents filed with U.S. Bankruptcy Court in Delaware, Saladworks listed over $10 million owed to two companies controlled by Vernon Hill, the Commerce Bank founder who has owned a 30% stake in Saladworks since 2008.

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[su_spacer]first published: 2015-02-17 20:47:57[su_divider][otw_is sidebar=otw-sidebar-2][su_divider][otw_is sidebar=otw-sidebar-3][su_divider][otw_is sidebar=otw-sidebar-6][su_divider][otw_is sidebar=otw-sidebar-8][su_spacer]