Soul Food Chain Roscoe's Chicken & Waffles Files Bankruptcy

(AllHipHop News) Culinary great Roscoe's Chicken & Waffles took the West Coast Hip-Hop world by storm serving up dishes for the likes of Game, Snoop and many other Hip-Hop greats, but now concerns are being raised that the historic franchise may be in jeopardy. 

According to the LATimes, East Coast Foods Inc., the parent company of Roscoe's Chicken and Waffles filed for Chapter 11 bankruptcy protection last Friday. 

Despite the wide-spread popularity of the chicken and waffles franchise, the franchise has debts between $10 million and $50 million while assets reportedly total less than $50,000.

Compton Bred rapper The Game is especially fond on Roscoe's as the rapper catered his Jesus Piece listening session in LA with Roscoe's Chicken, 40 oz's of St. Ides and Veuve-Clicquot champagne. 

At several points during President Obama's term, he has visited Roscoe's and now has a meal named after him. 

Some speculate that the franchise may be going under after having to settle a racial discrimination suit that awarded a former employee $1.8 million and $1.5 in legal fees. 

Roscoe's has been in business since 1975.