True Food Kitchen, the Scottsdale-based restaurant chain founded by Sam Fox and eventually spun off from Fox Restaurant Concepts into its own company, filed for Chapter 11 bankruptcy protection on Oct. 4. In documents filed with the U.S. Bankruptcy Court for the Southern District of Texas, True Food said its debt obligations total approximately $42.1 million as of Oct. 4. Nine companies in total under the True Food umbrella were part of the Chapter 11 filing. As part of the company’s restructuring plan, True Food plans to close 12 of its restaurants, while the other 34 restaurants in 14 states will continue to operate normally. The company also has a test kitchen at its headquarters facility at 8605 E. Raintree Drive. Read more of this story in the Business Journal. Do you want more news in your community? Add ABC15 as a preferred source on Google below:
