Bankrupt fast-food operator to sell 42 restaurants in 4 states for $18.6M

Meritage Hospitality Group, a fast-food operator that filed for bankruptcy in September, is set to sell 42 of its restaurants. These locations are spread across four different states. The total sale price for these assets is reported to be $18.6 million. This transaction follows the company's recent financial restructuring process initiated by the bankruptcy filing. The move represents a significant liquidation of assets as the operator manages its current bankruptcy proceedings and financial obligations.