Quiznos recovers from bankruptcy
Posted on Wednesday, July 9th, 2014 at 1:57 pm
The U.S. fast food sandwich company Quiznos has recovered from bankruptcy after they were allowed to file for Chapter 11 last March, an Associated Press article reported on July 1.
According to reports, Quiznos has managed to reduce its debt by an estimated $400 million after they restructured their finances under bankruptcy proceedings. The Denver-based company was the only entity filing for bankruptcy; they own only seven of over 2,000 Quiznos stores. The rest are owned by individual franchises and were not involved in bankruptcy.
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