TAMPA Fla. Less than a month after filing for Chapter 11 reorganization and closing eight of its 23 branches, Shells Seafood Restaurants has asked the bankruptcy judge to convert the action to a Chapter 7 liquidation. Shells said in its filing Wednesday with a U.S. bankruptcy court in Florida that it required a "substantial capital infusion" or a buyer to continue operations, and that "restrictive credit markets" had made efforts to find either unsuccessful.Shells said it was in the ...
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!