Perkins & Marie Callender's Files Chapter 11

Colter, Allison Bisbey
June 2011
High Yield Report;6/13/2011, p25
The article discusses the filing for Chapter 11 bankruptcy and a restructuring plan by Memphis, Tennessee-based Perkins & Marie Callender's restaurant chain on July 14, 2011. With 290 million U.S. dollars in assets and 441 million dollars in debt, Perkins will file bankruptcy with the U.S. Bankruptcy Court which could lead to the shutdown of 65 restaurants and elimination of about 2,500 jobs. It has been hit with slow consumer spending and rising costs of commodity staples.


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