Mexican food chain On The Border closes 40 restaurants, files for bankruptcy protection
At the time of filing, On the Border had 60 company-operated restaurants and listed estimated assets and estimated liabilities between $10 million and $50 million. According to court records, the company has more than $19 million in “prepetition-funded debt.”
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https://www.usatoday.com/story/money/2025/03/07/on-the-border-closed-restaurants-bankruptcy/81964284007/