Crunch filed for Chapter 11 bankruptcy protection today. The chain won't be disappearing, though. The chain reports it has a buyer lined up and willing to take over, and only two locations willl close as the company reorganizes. As part of the filing, Crunch also revealed that it owes more than $100 million to 50,000 creditors. So if you check your credit card statement next month and you see you were "accidentally" billed you for the next three months, that probably means you're one of them. [Reuters, Crain's]
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