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Red Lobster believes a Chapter 11 filing could help it renegotiate leases and drop some long-term contracts, though a final decision on declaring bankruptcy has yet to be made, the people said, perIf Red Lobster does file for bankruptcy, the move would round out what has undeniably been a difficult couple of years for the company.
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Red Lobster reportedly considering filing for bankruptcyRed Lobster is reportedly considering filing for bankruptcy to relieve financial pressures that have weighed on the company.
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Red Lobster Reportedly Heading to BankruptcyThe national seafood chain is said to be eyeing Chapter 11 bankruptcy in the coming days.
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Red Lobster Reportedly Considering Filing for Bankruptcy, Jokes FlyRed Lobster is reportedly mulling over bankruptcy, and while this is far from the end for them as a business ... some online are certainly treating it that way, with jokes galore.
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Red Lobster Reportedly Considering Bankruptcy to Relieve Financial PressuresRed Lobster is weighing a Chapter 11 bankruptcy filing to renegotiate leases, address long-term contracts, and reduce rising labor costs. The seafood restaurant chain is being advised by law firm King & Spalding on the matter.
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Red Lobster considers bankruptcy to deal with leases and labor costsSeafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter.
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