CHAPEL HILL, N.C. — Amid an ongoing expansion, entities behind all three Al’s Burger Shack locations in Chapel Hill have filed for bankruptcy reorganization.
Al’s, which has locations on Chapel Hill’s Franklin Street and at Southern Village and Governor’s Village, filed three separate Chapter 11 bankruptcy petitions. The Franklin Street location, referred to as AJEM Hospitality in the filing, lists assets of less than $50,000 on liabilities ranging between $500,000 and $1 million.
The other two locations, filed as Southern Village Shack and Governors Club Shack, list the same assets to liabilities range. And all three are signed by company manager Al Bowers and filed by the same attorney, Chapel Hill’s John Paul H. Cournoyer of Northen Blue.
Read more here.
Read more top trending stories on wsoctv.com:
- EF-2 tornado hits high school as strong winds, heavy rain rip through Carolinas
- Police identify man, woman found dead in car in north Charlotte
- Police looking for 3 men accused of carjacking Walmart employee, dragging officer
- FORECAST: Clear skies, warm temps offer relief before showers return for workweek
- ‘We are so shocked’: NC State grad among those killed when Ukrainian plane shot down in Iran
© 2020 Cox Media Group
/cloudfront-us-east-1.images.arcpublishing.com/cmg/LH3JSJEF3VBLRJLJQESEAG34AM.png)
