Sailormen Inc., one of the largest domestic franchisees of Popeyes Louisiana Kitchen.
Filed for Chapter 11 bankruptcy protection on Wednesday after defaulting on approximately $130 million in credit facilities and facing an imminent threat of receivership from its lender.
With a kitchen in Harlem on 125th Street on the west side, the Miami-based franchisee, which operates 136 Popeyes locations across Florida and Georgia and employs about 2,900 workers, sought court protection in the U.S. Bankruptcy Court for the Southern District of Florida, listing estimated assets and liabilities each between $100 million and $500 million…