Chuck E. Cheese Parent Company Officially Files For Bankruptcy

With the Coronavirus (COVID-19) piling on top of its financial struggles, Chuck E. Cheese parent company, CEC Entertainment, has now officially filed for bankruptcy.Following initial reports, the kid's restaurant and entertainment chain will use a Chapter 11 filing to restructure its debt-heavy balance sheet. Looking to talk with financial stakeholders and landlords to plan a recovery strategy to keep the business going.According to CEC CEO David McKillips, the bankruptcy "will allow us to stren...