Sbarro files for bankruptcy for the second time

Italian foods and pizza lovers, this could be one of the sad news for you today - Sbarro files for bankruptcy, yet again.

Sbarro Italian Restaurant

This new filing is pizza chain Sbarro LLC's second in three years, due to huge debt and diminishing customers.

Sbarro will be undergoing some structuring, a Reuters March 10 article said.

Sbarro was found in 1956, and since then, it has been on the constant cycle of revamping its recipes to attract diners who rather prefer "fast casual" chains in town.

Sbarro's second filing for bankruptcy would mean closure of hundreds of restaurants, said Chief Financial Officer Carolyn Spatafora in the papers she submitted to court.

The last of Sbarro's filing for bankruptcy was in April 2011.

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