Friendlys Weighs Bankruptcy

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September 30, 2011

It's a childhood staple for many people across America. Hopping over to the neighborhood Friendly's location for an ice cream sundae and burger. Well, the days may be drawing to a close for Friendly's restaurants, as the chain weighs filing for Chapter 11 bankruptcy as soon as next week. 

The recession hit the restaurant chain especially hard. Fewer people are eating out on a regular basis, leading to a plummet in customers for the 500 store chain. Friendly's, which is based in Massachusetts, employs more than 10,000 people across the country. 

Right now, Friendly's has more than $250 million in debt. The situation is quite similar to that of Sbarro from earlier this year. 

What are your fond memories from Friendly's? Will you miss it if it goes under?

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