RESTAURANTS / RETAIL
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Compiled by Greg Johnson / Times staff writer
Chain Reorganizes: San Juan Capistrano-based Rusty Pelican Restaurants has filed a plan of reorganization in U.S. Bankruptcy Court in Santa Ana. Rusty Pelican closed six of its locations upon entering Chapter 11 bankruptcy in July, 1993.
The plan calls for Rusty Pelican to pay a 25% lump sum payment to its general unsecured creditors, according to Rusty Pelican’s attorney, Marc J. Winthrop.
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