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.

The lawyers at the Bradford Law Offices, PLLC, understand that in Raleigh alone many people are struggling to keep their businesses afloat due to overwhelming debts. If you are experiencing financial hardships like this, we may be able to offer you alternative legal solutions that could allow you to make a fresh start with your financial future. Call us today at (919) 758-8879 to find out how we can help you.