The owners of Whitehorse’s defunct KFC franchise are being taken to court by their bank.
Donald and Margaret Macleod, who own S & S Services Limited, a franchise company, have failed to pay interest on their loans from the Business Development Bank of Canada since last June, according to court documents filed earlier this month.
The bank, which lent the Macleods money for a mortgage on the property in 1997, is owed $676,398, according to the terms in the security agreement.
The bank is requesting that a judge order the property foreclosed and sold to repay the loan.
The KFC closed suddenly last September. A sign first said the restaurant ran out of chicken, followed by another sign that claimed it was closed for renovations.
Yum Brands International, the corporation which owns KFC, refused to comment. The phone number of a former KFC manager is no longer connected.
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