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Burger Bloodbath Intensifies As Yet Another Major Franchisee Goes Bust

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Burger Bloodbath Intensifies As Yet Another Major Franchisee Goes Bust Another fast-food franchisee has filed for bankruptcy , becoming the latest casualty of mounting financial pressures squeezing restaurant operators across the United States. Global Midsouth Holding Corp., a franchisee of Checkers and Rally's, filed for Chapter 11 bankruptcy protection on October 28, just one day before a scheduled foreclosure auction involving one of its Tennessee restaurant properties, according to TheStreet . The Memphis-based company reported $1.9 million in assets against $1.3 million in liabilities…

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    Burger Bloodbath Intensifies As Yet Another Major Franchisee Goes Bust

    Burger Bloodbath Intensifies As Yet Another Major Franchisee Goes Bust Another fast-food franchisee has filed for bankruptcy , becoming the latest casualty of mounting financial pressures squeezing restaurant operators across the United States. Global Midsouth Holding Corp.,...

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