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Bankruptcy Wire

pica.jpegPiccadilly Restaurants, the cafeteria chain based out of Baton Rouge, has filed Chapter 11 bankruptcy. Atalaya Capital Management filed a suit against Piccadilly last week seeking $25.7 million owed in principal and interest. But another reason was suggested over at Tiger Droppings: "Their clientele has finally aged out. Of living. " [CityBus, Tiger Droppings]