Mmmm...Bankruptcy: Quiznos Could Seek Ch. 11 Within Weeks

Law360, New York (February 27, 2014, 5:44 PM EST) -- Denver-based sandwich chain Quiznos was the subject of bankruptcy rumors again Thursday as a new report said the company might file within weeks in the face of unmanageable debt and lagging sales — two years after it avoided Chapter 11 with an out-of-court restructuring deal.

Though a final deal with creditors has not been set in stone, the company has been in talks for weeks about a potential prepackaged bankruptcy, The Wall Street Journal reported. The company’s liabilities are hovering around $570 million, and it has...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.