Cicis Pizza emerges from Chapter 11 bankruptcy | Nation s Restaurant News nrn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nrn.com Daily Mail and Mail on Sunday newspapers.
Bankruptcy tracker: Battered firms hasten to cut costs
BLOOMBERG
Print
More U.S. bankruptcy filings are happening with restructuring plans already in place, a trend that s likely to extend as companies look to save time and money by reorganizing before they get to court.
CiCi s Holdings Inc., parent of the unlimited pizza buffet chain, entered bankruptcy last month with a plan to hand ownership to lenders. Alpha Media Holdings, which operates more than 200 radio stations across the U.S., filed for Chapter 11 with a similar deal already agreed.
Department store chain Belk Inc. hopes to go one step further this month by filing a pre-packaged bankruptcy, meaning it will complete negotiations with all parties, solicitation and voting in advance. The goal is to complete a restructuring in just 24 hours.
CiCi s Holdings Inc files for Chapter 11, hopes for expedited process bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.