Village Inn, Bakers Square parent files for bankruptcy

DENVER Vicorp Restaurants Inc., parent of the venerable Village Inn and Bakers Square family-dining brands, said Thursday that it has filed for Chapter 11 protection from its creditors and has closed 56 underperforming restaurants across the country.

The privately held, Denver-based company said it would continue operating with the assistance of $60 million in financing from prepetition lenders. The operator and franchisor also is using its cash flow to maintain

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