Pizza restaurant chain Sbarro filed for bankruptcy protection on Monday, reported Reuters. For the second time in less than three years Sbarro and more than 30 affiliates filed for Chapter 11 protection from creditors with the U.S. Bankruptcy Court in Manhattan. The Melville, New York-based company has between $100 million and $500 million in both assets and liabilities, according to court papers. Moody's Investors Service in January said Sbarro has also struggled with high food, labor and occupancy costs. The company had previously filed for protection from creditors in April 2011, and emerged from Chapter 11 the following November.
