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All Posts Tagged Tag: ‘bankruptcy protection’

Quiznos Goes Bankrupt. Is This Really Surprising?

Fast food chain Quiznos announced on Friday that it had filed for Chapter 11 bankruptcy in Delaware. The news comes within a week of pizza chain Sbarro’s filing bankruptcy papers in Manhattan, N.Y. With fast food chains filing for bankruptcy in quick succession, it makes you wonder, “Who’s next?” As for Quiznos, their woes are blamed on two separate but …

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Sbarro Pizza Files for Bankruptcy Protection (Again)

Sbarro Pizza, a chain based out of New York, filed for bankruptcy protection for the second time since 2011. After announcing that they plan to close more than 150 locations in North America last month, the company filed a Chapter 11 petition today in the U.S. Bankruptcy Court in Manhattan. Sbarro was started as a family grocery store in 1956 …

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Bankruptcy Protection: Dewey & LeBoeuf to Close Its Doors

Bankruptcy protection has been filed by Dewey & LeBoeuf, a company which formed in 2007 after two major New York City firms decided to join forces. Unfortunately, the recession and the recent financial crisis hasn’t done them any favors, forcing the struggling company to liquidate its assets and close its doors forever. In a statement released to the media on …

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