Parent firm of Chuck E Cheese files for bankruptcy burdened by huge debt & dismal sales due to lockdown
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The parent firm of Chuck E Cheese, famous children-themed hotel chain, filed for bankruptcy, burdened by a huge pile of debt and dismal sales due to the coronavirus lockdown. Chuck E Cheese was hit hard especially owing to its children's party and games venue. As per the bankruptcy filing, the company has listed assets and liabilities of $1 to $10 billion. The firm demands to keep them open throughout Chapter 11 proceedings.