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Sbarro, Inc.

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Case overview

Case Number:

1:11-bk-11527

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. June 21, 2012

    Sbarro's Bankruptcy Case Ends After 1 Year

    Bringing an end to a yearlong stint in New York bankruptcy court, a judge on Thursday closed Sbarro Inc.'s Chapter 11 case following her November confirmation of the pizza chain's restructuring plan, which handed the company to senior lenders owed about $176 million.

  2. November 17, 2011

    Sbarro Ch. 11 Ready To Be Pulled Out Of Oven

    A New York bankruptcy judge on Thursday approved Sbarro Inc.'s reorganization plan, putting the pizza chain on track to emerge from Chapter 11 on Nov. 28, the company said.

  3. November 15, 2011

    Sbarro Says Creditors Back Reorganization Plan

    With a confirmation hearing looming, bankrupt pizza chain Sbarro Inc. has submitted a reorganization plan that it says has the "full and unqualified support" of creditors, according to a memorandum filed Monday.

  4. October 31, 2011

    Sbarro Gets OK To Assume Retail Leases, Saving $4M

    A New York federal bankruptcy judge on Monday allowed Sbarro Inc. to take on nearly all of the more than 400 unexpired leases that it sought to keep, putting the bankrupt restaurant chain on a path to save itself about $4 million in annual rent after striking deals with some landlords.

  5. September 09, 2011

    Sbarro Cleared To Auction Assets

    A New York bankruptcy judge on Friday cleared the way for Sbarro Inc. to auction its assets in an effort to attract a bid that brings in more than the planned debt-for-equity swap with the pizza chain's lenders.

  6. September 07, 2011

    Sbarro Presses For Ch. 11 Auction Plan

    Sbarro Inc. on Tuesday urged a New York bankruptcy judge to brush aside objections from creditors and move ahead with the pizza chain's proposed auction that is underpinned by a planned debt-equity swap with lenders.

  7. September 02, 2011

    Creditors, BNY Mellon Object To Sbarro Asset Sale

    Sbarro Inc.'s proposed Chapter 11 asset sale met opposition Friday from the bankrupt pizza chain's unsecured creditors committee and indenture trustee Bank of New York Mellon Corp., who say the bidding procedures are too inflexible.

  8. August 10, 2011

    Sbarro Ch. 11 Plan Would Slash Debt By 73%

    Sbarro Inc. filed a proposed disclosure statement and reorganization plan in New York on Wednesday that would slash the bankrupt pizza chain's debts by 73 percent and set up its first-lien lenders as a stalking horse bidder.

  9. July 25, 2011

    Sbarro Lender Fights Loan's Debt To Equity Switch

    Column Investments S.a.r.l. launched an adversary suit against bankrupt pizza chain Sbarro Inc. in New York on Friday seeking to derail other creditors' efforts to treat its second lien loan to Sbarro as equity rather than debt.

  10. July 13, 2011

    Sbarro Creditors Demand E&Y Earnings Report

    A group of creditors asked a New York bankruptcy court on Tuesday to force Ernst & Young LLP to turn over an earnings report it prepared for Ares Management LLC in relation to a proposed investment in bankrupt pizza chain Sbarro Inc.