JB's Family Restaurants Closes Units, Files for Chapter 11

JB’s Family Restaurants has filed for Chapter 11 bankruptcy protection due to debts that are estimated to range as high as $50 million, but at least $10 million.

The company has also closed 26 of its 50 restaurants, around half of which are company-owned and half of which are franchised.

They are located in six states: New Mexico, Arizona, Utah, Idaho, Wyoming, and Montana. The Tempe, Arizona-based chain was founded in 1961, and a company spokesman said the economy is the reason for the Chapter 11 filing.

read more

News and information presented in this release has not been corroborated by FSR, Food News Media, or Journalistic, Inc.