Quiznos files bankruptcy

Quiznos Corp. follows Sbarro LLC as another fast food chain looks to the bankruptcy court for help as revenues decrease and unpaid bills rise higher.  Because competition in the fast food market has increased dramatically in recent years, businesses are forced to find ways to cut costs and increase revenue as consumers abandon their favorite chains in search of new flavors to try.  Quiznos will ask the bankruptcy court to approve at $15 million loan from its senior lenders in hopes of continue operations and reorganizing through its Chapter 11 case.

For the full story read, “Quiznos Follows Sbarro Into Bankruptcy Court.”

Image Credit: Calgary Reviews