Welp, it looks like TGI Fridays is preparing to file for bankruptcy

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In the latest example of how we’re living in the Best Economy Ever, we find out that TGI Fridays is about to file for bankruptcy.

I figure while we’re talking economics I should drop this here.

“It’s working.”

If by “working,” you mean working to bankrupt businesses left and right…

Then it’s definitely working!

Struggling restaurant chain TGI Fridays is getting ready to declare bankruptcy, according to media reports.

The news comes as the company closed dozens of restaurants in the past month.

The reports from Bloomberg and Debtwire, which were cited in publications such as Yahoo! Finance and Restaurant Business Magazine, said that TGI Fridays is seeking a loan to help its restaurants continue to operate while it seeks Chapter 11 protection.