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Consolidated Burger Holdings, a Burger King franchisee, filed for Chapter 11 bankruptcy protections on Monday, according to court documents filed with the U.S. Bankruptcy court for the Northern District of Florida.
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As of Monday, the operator has 57 Burger King locations across Florida and Southern Georgia, Joseph J. Luzinski, chief restructuring officer, said in a first day pleadings document. Of these locations, 53 are traditional restaurants and four are in Walmart stores.
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Consolidated Burger has faced several industry challenges which, combined with a highly leveraged balance…
