Everybody stay calm.
The parent company for Roscoe’s Chicken N’ Waffles has filed for Chapter 11 bankruptcy protection. The definition from The Telegraph because I’m sure you were just as lost as I was:
Chapter 11 is a form of corporate bankruptcy in the United States that enables a company to reorganise a faltering business.Under Chapter 11 a company’s management usually stays in place to run the day-to-day business, although all major business decisions must be approved by a bankruptcy court.
It appears the Los Angeles-based restaurant will stay open, for now, but will under restrictions. Being in Los Angeles and having the notoriety that it has, where is the celebrity with deep pockets to save the day?