Golden Corral Operators Go Into Bankruptcy

Dallas Morning News:

One of the largest Hispanic restaurateurs in the nation has put the companies that operate his Golden Corral restaurants into bankruptcy to control the payout of a nearly $1 million judgment, an attorney for the companies said.

The judgment stemmed from the assault of a teenage employee by an older male employee at a Euless Burger King also owned by the restaurateur, the attorney said. A jury found in favor of the girl, who accused the company of negligence.

Four companies owned by the restaurateur, Guillermo Perales, filed for Chapter 11 bankruptcy protection Thursday in Fort Worth.

The companies operate nearly 50 Golden Corrals in at least six states, including Texas, said Davor Rukavina, a bankruptcy attorney for the companies.

Rukavina said all of Perales’ Golden Corral restaurants, which employ about 3,000 people, remain open.

“It’s business as usual,” he said. “The customer will see no change.”

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