Red Lobster Files for Chapter 11 Bankruptcy and Announces Restaurant Closures TOMS RIVER, NJ – Red Lobster has filed for Chapter 11 bankruptcy protection, initiating a significant restructuring of its business operations. Now, there is just one Red Lobster left in New Jersey. The company announced plans to close an unspecified number of its restaurants across the United States. This decision is part of an effort to streamline operations and stabilize its financial position. The restructuring process is expected to include negotiations with creditors and a reevaluation of its business model. Red Lobster aims to emerge from bankruptcy with a … Continue reading Red Lobster Files for Bankruptcy Closes New Jersey Restaurants