JB’s Family Restaurants, founded in Utah as a Big Boy franchise a half-century ago and a survivor of several incarnations, has filed for Chapter 11 bankruptcy protection in Arizona.
The Tempe, Ariz.-based chain reported assets of $7.3 million and liabilities of $10.3 million in its Feb. 28 filing in U.S. Bankruptcy Court.
The company operates seven corporate restaurants — including locations in Salt Lake City and Hurricane — and has 15 franchised restaurants in six Western states. Franchises in Utah are located in Vernal, Richfield and Price.