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Garden Fresh Says Filing Ch. 11 Plan Would Be Fruitless

Law360, New York (October 11, 2017, 3:38 PM EDT) -- Bankrupt restaurant chain operator Garden Fresh asked the Delaware bankruptcy court Tuesday to dismiss its Chapter 11 cases without a reorganization plan, saying it has no money to make a plan and no assets to reorganize.

More than a year after entering Chapter 11 and following multiple plan filing deadline extensions, Garden Fresh Restaurant Intermediate Holding LLC told the court that fees, expenses and taxes are due to eat what cash is left over from its February asset sale, making it both impossible and pointless for...
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