Thursday, September 29, 2011

Papa John's bankruptcy filing stalls paychecks, stores remain open

A Papa John's Pizza bankruptcy filing Tuesday has stalled paychecks for employees although the 84 stores in Colorado and Minnesota continue to operate.

Franchise PJCOMN Acquisition Corp. asked for Chapter 11 bankruptcy protection in filing, which was submitted in Baltimore where the company has its headquarters.

Today, an emergency motion was filed so employees can be paid while the company works out its financial and legal issues.

Read the rest of the story at the Denver Post

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