Sandwich chain Cosi files for Chapter 11 bankruptcy

Markets Associated Press

The Cosi logo on bags of potato chips are photographed on Wednesday, Sept. 28, 2016 in New York. The restaurant chain, known for its flatbread sandwiches, said it filed for Chapter 11 bankruptcy protection Wednesday and is seeking to sell itself to ... its lenders. The company has closed 29 stores, but said the remaining 76 Cosi restaurants located around the country will remain open as it goes through the bankruptcy process. (AP Photo/Donald King) (The Associated Press)

Cosi, the restaurant chain known for its flatbread sandwiches, says it filed for Chapter 11 bankruptcy protection and is seeking to sell itself to its lenders.

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The company has closed 29 stores, but says the remaining 76 Cosi restaurants will remain open as it goes through the bankruptcy process.

In court documents, Boston-based Cosi Inc. says it has between $10 million and $50 million in assets and the same amounts in debt.