Tag Archive | bankruptcy

Quiznos Completes Financial Restructuring

Quiznos, a premier quick-service restaurant chain and pioneer of the toasted sub, today announced it has successfully completed its financial restructuring and emerged from Chapter 11. “Today marks the start of a new chapter for our Company,” said Stuart K. Mathis, Quiznos Chief Executive Officer. “With our financial restructuring behind […]

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Quiznos Plan of Reorganization Confirmed by Court

Quiznos,  today announced that the U.S. Bankruptcy Court in Wilmington, Delaware confirmed the Company’s prepackaged plan of reorganization. “We are pleased to have reached this important milestone and look forward to completing the financial restructuring process, which has created a stronger foundation for us to execute our comprehensive strategic plan,” […]

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Quiznos Files For Prepackaged Chapter 11

Quiznos, one of the nation’s premier quick-service restaurant chains and pioneer of the toasted sub, announced that its senior lenders have voted overwhelmingly in favor of a “pre-packaged” restructuring plan that will reduce the Company’s debt by more than $400 million. The plan is intended to increase the Company’s flexibility […]

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Buffet Partners Files for Reorganization Under Chapter 11 of the United States Bankruptcy Code

Buffet Partners, L.P., d/b/a as Furr’s Fresh Buffet, a leading regional value-oriented restaurant chain, announced today that is has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Northern District of Texas. The Company will continue to operate in the ordinary course […]

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Back Yard Burgers Appoints Dave McDougall as New CEO

Back Yard Burgers, Inc., the popular Nashville-based quick-service burger chain, announced today the appointment of foodservice veteran David McDougall as the company’s new chief executive officer effective immediately. McDougall, who has a successful track record as a senior leader in both QSR and full-service restaurants, joins the 85-unit chain, with […]

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Back Yard Burgers Announces Final Phase Restructuring Plan

Back Yard Burgers, Inc., a leading regional quick service restaurant chain, today announced the final phase of a plan to restructure debt, reduce operating expenses, and position Back Yard Burgers to grow its business, including opening more locations throughout its targeted markets domestically and internationally. The restructuring plan has the […]

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Success After Restaurant Bankruptcy Responsibility of CEO

There is plenty of advice a brand should heed when moving through the bankruptcy process. Bringing on outside advisers, staying honest with your lenders and suppliers, and timing the process appropriately are all ways to make sure the bankruptcy business goes as smooth as possible. But the role of the […]

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