Quiznos

The fast-food restaurant filed for Chapter 11 bankruptcy earlier this year; however, it worked some “fast food magic” in bankruptcy as it has already received confirmation of its proposed plan of reorganization.  Even though the company only owns seven of the 2100 restaurants (the rest are operated by franchisees), it was severely in debt.  With the help of its creditors, the company has been able to successfully propose a plan to continue in business.

For the complete store read, “Court approves Quiznos reorganization plan.”

Image credit:  Cimexus