Franchise of Golden Corral files for Chapter 7

Posted on Monday, June 24th, 2013 at 8:59 pm    

A franchisee of a Golden Corral restaurant located in Clinton filed for bankruptcy on June 13, according to court documents.

According to the Chapter 7 filing by the Bouchard Family Corral LLC, the company has $590,000 in liabilities with no assets. Some of the company’s assets were reportedly grabbed by the restaurant’s landlord.

Golden Corral, which is based in Raleigh, has 52 restaurants across North Carolina, and almost 500 nationwide, where almost half of the restaurants are owned by the company and the others owned by franchisees.

Sometimes filing for bankruptcy is often the best way for businesses to alleviate their mounting debts. If you have a business in Raleigh and believe filing for bankruptcy is a viable option, contact the legal team at the Bradford Law Offices, PLLC, by calling (919) 758-8879. We can help you better understand your financial options.