Powered by

Piccadilly set to exit Chapter 11

Feb 05, 2014 - The Deal Pipeline

Cafeteria-style restaurant chain Piccadilly Restaurants LLChas wrapped up the cooking for its Chapter 11 exit.

According to court minutes, Judge Robert Summerhays of the U.S. Bankruptcy Court for the Western District of Louisiana in Lafayette on Tuesday, Feb. 4, confirmed a reorganization plan proposed by some of Piccadilly's creditors. Summerhays on Nov. 13 entered an order approving the disclosure statement for the plan, filed Sept. 27.

It was unclear from court documents when the ...