BANKRUPTCY WATCH: Chuck E. Cheese Latest to Declare as COVID-19 Takes its Toll

Kids food and entertainment chain Chuck E. Cheese filed for Chapter 11 bankruptcy protection as it was unable to contend with its business being forced to close throughout the COVID-19 pandemic.

It plans to use the filing as an opportunity to reorganize its balance sheet in consultation with its lenders, and it intends to continue reopening its restaurants. About half of its locations have already reopened.

Image source: Chuck E. Cheese.

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Source Fool.com