May 18, 2026
Restaurant operator Fat Brands has reached a settlement with three groups of creditors that it says clears a path to getting its Chapter 11 plan confirmed, telling a Texas bankruptcy judge the deal will let the debtor tap new financing, complete asset sales and set up a liquidation trust.
May 15, 2026
Bankrupt restaurant chain owner Fat Brands has brought an adversary proceeding in Texas seeking to reverse a prepetition debt refinancing transaction that it alleged was a fraudulent transfer of company assets that strengthened the secured claims of a lender with no benefit to the debtor's estate.
May 05, 2026
Unsecured creditors of restaurant group Fat Brands have sued several investors in Texas bankruptcy court asking to pause the company's planned credit bid sale to its debtor-in-possession lender, saying so-called manager advance claims are being improperly quashed.
May 04, 2026
Purdue Pharma received the green light for a settlement on its road out of Chapter 11, a Texas bankruptcy judge gave the all-clear to Saks Global's plan disclosure, and Spirit Airlines said it would undergo a shutdown instead of a government-backed rescue.
May 01, 2026
Restaurant group Fat Brands has asked a Texas bankruptcy judge for more time to file a Chapter 11 plan as it continues to negotiate with creditors on a wind-down framework.
April 29, 2026
An auction for assets of Fat Brands Inc. netted offers totaling $10.5 million for two restaurant chains and credit bids for the company's 16 other brands, according to notices in its Chapter 11 case.
April 08, 2026
Restaurant group Fat Brands received approval Wednesday from a Texas bankruptcy judge to pay up to $1.9 million in bonuses to key corporate employees the debtor said were at risk of leaving while it pursues an expedited Chapter 11 sale process.
April 07, 2026
Mall owner Simon Property Group has joined with other landlords of Fat Brands' eateries to tell a Texas bankruptcy court that the restaurant group's proposed Chapter 11 sale procedures don't give the property owners sufficient input into the sale of their leases.
March 23, 2026
Label maker Multi-Color's Chapter 11 case will stay in New Jersey, Spandex maker Lycra hit Chapter 11 in Texas, and Jackson Walker can pay clients demanding refunds over a relationship between a former firm attorney and a bankruptcy judge. This is the week in bankruptcy.
March 19, 2026
A Texas bankruptcy judge agreed Thursday to give interim approval to a $184 million debtor-in-possession loan in Fat Brands' Chapter 11 case, and also approved a connected stipulation that temporarily removes the restaurant group's CEO.