Crimson Lobster is reportedly mulling over chapter, and whereas that is removed from the tip for them as a enterprise … some on-line are actually treating it that method, with jokes galore.

In line with Bloomberg, the well-known seafood restaurant chain is contemplating its choices to restructure a few of its debt and different bills it has on its plate proper now — together with leases they’ve beneath its identify, to not point out rising labor prices.

Apparently, it is Chapter 11 chapter that is on the desk … which, in the event that they pursue that, would imply they might nonetheless run their operation whereas checking out their money owed with collectors, and so on.

In fact, them contemplating submitting for chapter doesn’t suggest Crimson Lobster goes beneath … and but, X is having a area day with the information regardless — with a number of of us joking that they may have to run and seize some last-minute bites, like their well-known scrumptious biscuits.

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Some are saying they will have to make use of their previous reward playing cards earlier than chapter courtroom kicks in — and others are making “hot water” cracks, to not point out ‘Workplace’ jokes (I DECLARE BANKRUPTCY.)

There’s additionally this tidbit that some are resurfacing amid this information — particularly, the truth that Crimson Lobster’s latest infinite shrimp reportedly harm their backside line fairly badly … just for them to pivot to infinite lobster after reporting a $12.5 million working loss in ’23’s 4th quarter.

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Even earlier than the $12 mil hit … Crimson Lobster was bleeding money, with studies saying they’d suffered a $19 million loss by way of the primary 9 months of ’23 … attributed to the pandemic, amongst different points. Some minority house owners within the biz have additionally began to leap ship.

There’ve been different monetary woes which were reported about them — and now, it appears just like the ~~chickens~~ lobsters have come residence to roost … or so it appears.