22:36 ETOTB Hospitality Voluntarily Files Chapter 7 and Winds Down Operations
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OTB Hospitality, operator of On The Border Mexican Grill & Cantina, voluntarily filed for Chapter 7 bankruptcy liquidation on June 19 after closing all company-owned locations. This filing applies only to OTB Hospitality, a subsidiary of Pappas Restaurants, which remains financially stable and unaffected. Franchise locations in several states and South Korea continue to operate independently.
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