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Friendly's Restaurants Files for Chapter Eleven Bankruptcy Protection


In a move to preserve both company and franchised restaurants and to preserve jobs, Friendly's Restaurants filed for Chapter 11 bankruptcy protection to allow Amici partners to acquire and operate assets.


The management of the company attribute the filing to a decline in patronage due to COVID-19 restrictions.  Friendly's joins a long list of restaurants that have recently filed for Chapter 11 protection including Quiznos, Ruby Tuesday, Sizzler and California Pizza Kitchen.