A Papa John's franchisee filed for Chapter 11 as the chain keeps closing stores

Papa ZHS, a Pennsylvania-based franchisee of Papa John's $PZZA -3.95% International, filed for Chapter 11 bankruptcy this week, according to Bloomberg. The filing comes as the pizza chain continues to close restaurants. Papa ZHS reported assets of $100,001 to $500,000 and liabilities of $1 million to $10 million in a filing...