Overland Park, Kansas-based Pizza Hut franchisee Keystone Pizza Partners LLC filed for Chapter 11 bankruptcy this month.
The company reported more than $7 million in liabilities and roughly $3.5 million in assets. Pizza Hut is the largest unsecured creditor; Keystone Pizza Partners owes the company more than $1.1 million in royalties.
Keystone Pizza Partners already was struggling before the coronavirus pandemic, with a 2019 net loss of $527,717.
Read more from the Kansas City Business Journal.
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