Buffets Holdings Gets Green Light For Ch. 11 Plan

Law360, New York (April 17, 2009, 12:00 AM EDT) -- After a nearly three-month delay, a bankruptcy court has signed off on Buffets Holdings Inc.'s Chapter 11 reorganization plan following the restaurant chain's securing of exit financing.

The U.S. Bankruptcy Court for the District of Delaware has confirmed the reorganization plan, and Buffets Holdings will emerge from bankruptcy once all closing conditions and exit financing have been taken care of, the company announced Friday.

“We are very pleased to have passed this milestone of the Chapter 11 process and that our emergence from bankruptcy protection is...
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