On Thursday, CEC Entertainment, the parent company of Chuck E. Cheese, filed for Chapter 11 bankruptcy protection.<br />Chuck E. Cheese's finances have been in freefall since the start of the pandemic.<br />One in five restaurants set to close due to the pandemic.<br />The company has mounting debt and thrice-downgraded credit scores.<br />CEC Entertainment plans to continue reopening Chuck E. Cheese locations as it navigates bankruptcy.
