Delaware, the state where many corporations are born and die, is host to the Chapter 11 bankruptcy case of Buffets Holdings Inc.
The Eagan, Minn., company is probably not familiar to many Philadelphians. If you're a fan of all-you-can-eat dining, you've probably bellied up to the 12 Old Country Buffets in the region.
Nothing will change at those buffets as the 626-store chain reorganizes after swallowing a big competitor, Ryan’s Restaurant Group Inc., more than a year ago. Among the unsecured creditors is Westville's J. Ambrogi Foods, which is owned $185,594.
View this bankruptcy as the treatment for a bad case of corporate indigestion rather than reflecting any change in the eating habits of Americans.
