Red Lobster is reportedly mulling over bankruptcy, and while this is far from the end for them as a business … some online are certainly treating it that way, with jokes galore.
According to Bloomberg, the famous seafood restaurant chain is considering its options to restructure some of its debt and other expenses it has on its plate right now — including leases they have under its name, not to mention rising labor costs.
Apparently, it’s Chapter 11 bankruptcy that’s on the table … which, if they pursue that, would mean they could still run their operation while sorting out their debts with creditors, etc.
Of course, them considering filing for bankruptcy doesn’t mean Red Lobster is going under … and yet, X is having a field day with the news regardless — with a lot of folks joking that they might need to run and grab some last-minute bites, like their famous delicious biscuits.
