(KNUE-FM) A much-loved Tex-Mex restaurant chain has declared bankruptcy.
Abuelo’s Mexican Restaurant and Food Concepts International (FCI), its parent company, filed for Chapter 11 bankruptcy on September 2.
FCI asked the courts to combine the two bankruptcy cases so the process would be less convoluted.
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Why did they make this decision?
Why Did Abuelo’s File for Bankruptcy?
According to an article from Chron.com, the company had accumulated debts between $10 and $50 million…