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Abuelos making money in bankruptcy, offers amended plan for creditors to vote
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Abuelos making money in bankruptcy, offers amended plan for creditors to vote
Abuelos, the Lubbock-based national restaurant chain, continues to be profitable as it restructures in Chapter 11 bankruptcy. The latest monthly operating report said Abuelos started June with a $7.7 million cash balance and ended with $8.8 million. The company also made minor modifications to its proposed bankruptcy plan which still needs approval from creditors with voting rights. A voting date was not yet set in the most recent court records.…
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