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44°
Sunday, dec 29
Tag:
Debtor-In-Possession Financing
Business
Bertucci’s Brick Oven Pizzeria Files For Bankruptcy, Will Close Some Stores
A popular Italian eatery with locations throughout the tristate area is shuttering the doors of several restaurants after voluntarily filing for bankruptcy this week. Bertucci’s, which is known for “its authentic Italian foods and signature brick oven pizzas” announced the bankruptcy in United States Bankruptcy Court for the District of Delaware with Right Lane Dough Acquisitions serving as the Stalking Horse Bidder. As the Stalking Horse Bidder, they have agreed to purchase all of Bertucci’s assets, and assumed certain liabilities. According to officials, “the transaction is intended to m…