Yardbird Files for Bankruptcy Amid $24.8 Million in Debt
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowYardbird Southern Table & Bar filed for bankruptcy on Sunday, facing approximately $24.8 million in funded debt and an estimated $24.2 million in unsecured claims. The company intends to operate during the bankruptcy process while pursuing a going-concern sale. Major debts include $13.3 million owed to Brightwood Loan Services and nearly $8.4 million to City National Bank of Florida through a Main Street Lending Program loan. This situation highlights the financial strains from expansion costs and pandemic-related disruptions, which could impact employment for around 508 employees.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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