Perkins & Marie Callender's Liquidation Plan Approved

Law360, Wilmington (January 14, 2020, 8:08 PM EST) -- The Chapter 11 plan of liquidation of former restaurant chain franchisor Perkins & Marie Callender's received court approval Tuesday in Delaware, with a bankruptcy judge lauding the success of the case that resulted in asset sales garnering more than $70 million for the estate.

During a confirmation hearing in Wilmington, debtor attorney Daniel J. DeFranceschi of Richards Layton & Finger PA said the plan embodied a global settlement among Perkins & Marie Callender's, the official committee of unsecured creditors and prepetition secured lenders, which was made possible by the successful sale transactions.

Under the terms of the deal, a recovery fund...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS