MANHATTAN BAGEL TO ROLL ON DESPITE CHAPTER 11

EATONTOWN, N.J. -- Manhattan Bagel Co. here said it will continue with its present business plans, including pursuing its partnerships with supermarkets, despite the fact it has filed for reorganization under Chapter 11 of the Federal Bankruptcy Act.The company announced late last month that the voluntary Chapter 11 action taken in the U.S. Bankruptcy Court for the District of New Jersey in Trenton

EATONTOWN, N.J. -- Manhattan Bagel Co. here said it will continue with its present business plans, including pursuing its partnerships with supermarkets, despite the fact it has filed for reorganization under Chapter 11 of the Federal Bankruptcy Act.

The company announced late last month that the voluntary Chapter 11 action taken in the U.S. Bankruptcy Court for the District of New Jersey in Trenton resulted from recent losses and being placed in default by its primary lender, First U

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