October 11, 2017
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.
February 07, 2017
Bankrupt restaurant chain Garden Fresh Restaurant Intermediate Holding LLC may enjoy an extra few months of exclusivity to file a Chapter 11 reorganization plan, a Delaware court ruled Tuesday, after the chain said there were no objections to its bid for a time extension.
January 09, 2017
Bankrupt restaurant chain Garden Fresh Restaurant Intermediate Holding LLC received court approval Monday in Delaware for a sale of its assets to a prepetition secured lender that was the only bidder for the company.
January 04, 2017
Landlords of restaurant sites operated by Garden Fresh Restaurant Intermediate Holding LLC are cooking up a fight over the sale of their leases, arguing in a flurry of Delaware court filings that the bankrupt restaurant chain owner failed to provide the required deal assurances.
January 03, 2017
Restaurant chain owner Garden Fresh Restaurant Intermediate Holding LLC said last week that it received no qualified offers for its assets other than a stalking horse bid from prepetition term loan lenders, and that an auction planned for Tuesday would be canceled.
November 15, 2016
Bankrupt casual dining chain owner Garden Fresh Restaurant Intermediate Holding LLC received court approval Tuesday in Delaware on a $4.5 million debtor-in-possession loan provided by a group of first-lien secured debt holders in the company's Chapter 11 case.
November 03, 2016
An attorney for restaurant chain owner Garden Fresh said Thursday the company is cooking up a new Chapter 11 financing and company auction plan to quell protests, telling a bankruptcy judge in Delaware that details could be ready for a hearing by mid-November.
October 26, 2016
The federal bankruptcy watchdog took aim Wednesday at the auction plan for the parent of casual dining chain Souplantation, arguing that buried in the fine print is an arrangement to pay executive bonuses without going through the normal requirements spelled out in the Bankruptcy Code.
October 21, 2016
The largest unsecured creditor of the bankrupt parent company of casual dining chain Souplantation objected Friday to the company's proposed sale procedures, saying they envision a shortened timeline that isn't justified by the circumstances of its Chapter 11 case.