Red Lobster’s bankruptcy goes deeper than free shrimp

It wasn’t just the free shrimp that tanked Red Lobster. The Orlando-based seafood chain filed for Chapter 11 bankruptcy last week citing $1 billion in debt, according to court filings. The company announced the closure of dozens of stores nationally, with plans to sell company assets — including auctioning interior furniture and kitchenware.The announcement comes after a disastrous 2023…