Minnesota-based Pawn America files for Chapter 11 bankruptcy
BURNSVILLE, Minn. (AP) - Minnesota-based Pawn America has filed for Chapter 11 bankruptcy, but the company's president says the move is a reorganization and not a shutdown.The Burnsville company operates 23 pawnshops in Minnesota, Wisconsin and the Dakotas. The Minneapolis Star Tribune reports (http://strib.mn/2pBdh3p ) the company owes between $10 million and $50 million to fewer than 1,000 creditors.
