BurgerFi International Files for Chapter 11 Bankruptcy
BurgerFi filed for Chapter 11 bankruptcy in a Delaware court, listing between $50 million and $100 million in assets and between $100 million and $500 million in liabilities. This filing followed a year of financial decline including a net loss of $18.4 million in the quarter ending July 1, 2024, which was worse than the $6 million loss from the previous year.
