Bankruptcy Filing
On November 10, 2010, Famous Recipe Company Operations, LLC, d/b/a Mrs. Winner's Chicken & Biscuits, filed a Chapter 11 Bankruptcy petition in the U.S. Bankruptcy Court, Northern District of Georgia. Ch. 11 Case No. 10-94027. The Bankruptcy schedules listed assets of $2,397,946.82 and liabilities of $21,906,873.18.
The Franchised units now operate independently and have no plans of closing. The North Carolina units have a strong market share and continue to grow.
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