World of Beer emerges from bankruptcy

World of Beer, the Tampa-based casual-dining franchise, has emerged from bankruptcy with restructured debt and plans to open more locations. A Florida bankruptcy court judge last month confirmed the company’s restructuring plan, which included a reduced debt payment to lender Synovus Bank of $19 million by the chain’s CEO, Paul Avery, according to court documents. That was reduced from $28 million during settlement talks.

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