24 Hrs
Source:
New York Post
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California diner chain files for bankruptcy
Marmalade Cafe, a well-known Southern California diner chain, has filed for Chapter 11 bankruptcy due to rent disputes and increasing supplier debts. The chain closed its Calabasas and Santa Monica locations earlier this year amid financial losses, with only four of its eight locations remaining open. The company listed assets of $12.7 million and over $2.4 million in unsecured debts, and it is unclear if the bankruptcy will impact its remaining restaurants.
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