Morris Nichols Bankruptcy Alert - PGHC Holdings, Inc. and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware

On November 5, 2018, PGHC Holdings, Inc. and certain of its affiliates filed  voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.

Lead Case No. – 18-12537.

Debtor(s) – PGHC Holdings, Inc.; Papa Gino's Holdings, Inc.; Papa Gino's Inc.; Papa Gino's Franchising Corp.; D'Angelo's Sandwich Shops, Inc.; Papa Gino's/D'Angelo Card Services, Inc.; Progressive Food, Inc.; D'Angelo Franchising Corporation; and Delops, Inc.

Description of Debtor(s) – Owner-operators of quick-service restaurants.

Website of Debtor(s) (URL) www.papaginos.com.

Assigned Judge – The Honorable Mary F. Walrath.

Proposed Counsel – The Debtors' proposed bankruptcy counsel is Morris, Nichols, Arsht & Tunnell LLP. 

Proposed Financial Advisor – CR3 Partners, LLC.

Proposed Investment Banker – North Point Advisors, LLC.

Plan Status – No plan was filed with the petitions. 

First Day Hearing – A first day hearing has been scheduled for November 6, 2018 at 12:00 p.m. ET 

Bankruptcy Documents  –

Please do not hesitate to contact any member of the Morris Nichols Business Reorganization & Restructuring Group if we can be of assistance.

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