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Story summary
- True Food Kitchen filed for Chapter 11 bankruptcy protection on Sunday.
- The chain closed 12 restaurants, leaving 34 locations operating in 14 states.
- It entered bankruptcy with $1.6 million cash, enough for roughly two weeks of operations.
- CEO Jeff Chandler said bankruptcy is the best path forward.
- The company obtained a $20 million financing commitment from HumanCo TFK IV.
