April 22, 2021
Bankrupt gastropub chain Bar Louie cleared a final wind-up hurdle for remnants of its former 134-site business, securing plan confirmation in Delaware for a Chapter 11 liquidation of its remaining assets.
March 27, 2020
Gastropub chain Bar Louie told the Delaware bankruptcy court Friday it is canceling a planned Chapter 11 auction and moving forward with the sale of its assets to secured lenders that served as its stalking horse bidder, saying no other qualified buyers came forward.
February 27, 2020
Bankrupt gastropub chain Bar Louie secured a Delaware bankruptcy judge's approval for its sale procedures Thursday, after applying a $1.4 million cut to a "breakup" fee for the debtor's stalking horse in case its $82.5 million credit bid is beaten.
February 24, 2020
The federal bankruptcy watchdog told a Delaware court Monday that bankrupt bar-restaurant chain Bar Louie's Chapter 11 sales process needs tweaking because there are too many protections for a stalking horse bidder that it says will chill other bidding.