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Sizzler files for Chapter 11 but Idaho restaurants still open (access required)

The granddaddy of all cost-conscientious steakhouse chains, Sizzler, filed for Chapter 11 on Sept. 21. The company cited rent demands and lost revenue from restaurant closures in its petition filed with the U.S. Bankruptcy Court for the Northern District of California. Using Chapter 11 to reorganize its debt will give the chain time to "renegotiate leases with ...

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