After bankruptcy auction, Friendly’s parent could go back to old owner

More often than not, a restaurant entity auctioned by the bankruptcy courts ends up changing hands, but that’s not what is expected to happen when the assets of Friendly Ice Cream Corp., parent of 424-unit Friendly’s, hit the block in December. 

The 76-year-old family-dining brand, which filed for Chapter 11 bankruptcy protection Oct. 5, is scheduled to be auctioned Dec. 22, and its new owner — in a twist related to bankruptcy code and Friendly’s ownership hist

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