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Sub shop Quiznos announced Friday that it was filing for bankruptcy. Choked by more than half a billion dollars of debt, the chain is restructuring, cutting almost $400 million of owed money, and ...
On March 14, 2014, Quiznos filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Colorado. Quiznos said it would continue operating while it restructured its debt and made operational improvements. [49] [50] Quiznos emerged from bankruptcy on June 30, 2014, having reduced its debt by approximately $400 ...
Sbarro -- the pizza and pasta chain that's a staple in many malls -- filed for Chapter 11 bankruptcy reorganization earlier this month. A few Bankruptcy Filings Give Quiznos, Sbarro Chances to Change
On August 3, 2004, Schlotzsky's filed for voluntary Chapter 11 protection in U.S. Bankruptcy Court in San Antonio, Texas, reporting liabilities of approximately $71.3 million and assets of approximately $111.7 million. [10] The company ceased public trading when Bobby Cox Companies acquired Schlotzsky's assets out of bankruptcy. [11]
Preppy mass-market mall brand J.Crew filed for Chapter 11 bankruptcy protection Monday, making it the first major retailer to seek bankruptcy protection as a result of the pandemic. Along with ...
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
The Quiznos was the last one still operating in Wichita, but its space will soon be home to a colorful new restaurant.
In 2017 alone, more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the face of rising costs, leveraged buyouts, low quarterly profits outside holiday binge spending, delayed effects of the Great Recession, [3] and changes in spending habits.