Brewery and brunch chain owners file Chapter 7 bankruptcy

When a company files for bankruptcy, it gets a chance to reorganize its finances and work with creditors, vendors, and landlords to find a path forward. A court supervises the process, and the presiding judge could reject a plan presented by the company, even if most of its stakeholders agree with it. The judge has to make a decision in the best interest of the most people. Usually, that means keeping the business open, because it keeps people working and gives debtors a chance to recoup some of their mo ...