The health-conscious chain seeks a court-supervised sale while closing certain restaurants.
Health-focused restaurant chain True Food Kitchen has initiated Chapter 11 bankruptcy proceedings in federal court, shuttering 12 locations nationwide as part of a financial restructuring effort.
The voluntary petition, filed in the U.S. Bankruptcy Court for the Southern District of Texas, aims to streamline the company’s operational footprint, adjust its debt structure, and facilitate a court-monitored sale process to secure a new financial partner…