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DBJ: DFW’s largest bankruptcies of 2018 include taco chain, energy firm

January 2, 2019 Dallas Business Journal Staff Report

Taco Bueno’s bankruptcy may have been one of the most notable in North Texas during 2018, but it wasn’t the biggest.

The fast food chain was more than $105 million in debt when it filed for Chapter 11 bankruptcy in early November. The quick service Tex-Mex chain was acquired by a Sun Holdings affiliate and shuttered 12 Texas and Oklahoma locations shortly after. Sun Holdings said it plans to “invest in remodeling Taco Bueno locations, increasing brand initiatives and enhancing the customer experience” in a release published after the restructuring.

Despite Taco Bueno’s notoriety, it was far from the only company that filed for either Chapter 7 or 11 bankruptcy in North Texas this year.

Condor Exploration had more than double the debts of Taco Bueno when it filed for Chapter 7 in late September. The Fort Worth-based oil and gas exploration company had more than $213 million in secured debt and $514,987 in unsecured debt, according to court filings.

To see the rest of North Texas’ top ten company bankruptcies in 2018, click through the slideshow in the Dallas Business Journal’s story. Data was provided by American City Business Journals, the parent company of the Dallas Business Journal.

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