The National Advocates
Contact Us    888-491-3885 
 Facebook Google+ Twitter LinkedIn
  • Home
  • Membership
    • Top 100 Membership Directory
    • Top 40 Membership Directory
    • Practice Areas by Specialty
    • Top 100 Officers/EC
    • Top 40 Officers/EC
    • Eligibility
    • Benefits
    • Member Portal
  • Legal Education
  • Networking
  • News
  • Shop
  • About Us
    • Meet Our Team
    • Mission & Goal
    • FAQ
    • Contact Us

Cosi Asks Judge to Speed up Bankruptcy Hearing So They Can Apply for Restaurant Revitalization Fund Aid

Posted on May 5, 2021 by curata

Cosi, which filed for Chapter 11 bankruptcy protection more than a year ago, has asked a judge to speed up the proceedings so the fast-casual chain can be eligible for federal relief funding for struggling restaurants.

A judge approved Cosi’s motion for an expedited hearing and has scheduled proceedings to take place next Tuesday, according to documents filed in U.S. Bankruptcy Court in Delaware late last month.

“The Debtors’ only realistic hope of emerging from bankruptcy, and avoiding a conversion and liquidation, hinges on their being able to successfully apply for a grant for the Restaurant Revitalization Fund,” Cosi wrote in its filing. “The Debtors believe that they qualify for a grant of $10 million dollars, which they believe would allow them to confirm, and go effective, on their plan.”

Read the source article at Restaurant Business Magazine
Posted in Blog

Comments are closed.

Membership Directories

Click the map to access the directory

Click the map to access the directory

 

Legal News

A Mother Sues TikTok Over Her Daughter's Death in a 'Blackout Challenge'

A Mother Sues TikTok Over Her Daughter's Death in a 'Blackout Challenge'

A 10-year-old Pennsylvania girl died while trying out a dangerous stunt called the Blackout Challenge last year, and now her [Read More...]
Nebraska Settles a Lawsuit Over an Inmate's Death For $4.79K

Nebraska Settles a Lawsuit Over an Inmate's Death For $4.79K

Nebraska has agreed to pay $479,000 to the family of a “talkative” Scottsbluff man who was strangled to death in [Read More...]
Civil Rights Enforcers Warn Employers About Discriminatory AI

Civil Rights Enforcers Warn Employers About Discriminatory AI

The federal government said Thursday that artificial intelligence technology to screen new job candidates or monitor worker p[Read More...]
California Legislators Raise Medical Malpractice Award Limits

California Legislators Raise Medical Malpractice Award Limits

The California Legislature on Thursday agreed to increase how much money people can win in medical malpractice lawsuits, reso[Read More...]
A Former NFL Kicker Accuses the Jacksonville Jaguars' Head Coach of Creating a Hostile Workplace

A Former NFL Kicker Accuses the Jacksonville Jaguars' Head Coach of Creating a Hostile Workplace

Former NFL placekicker Josh Lambo has filed a lawsuit against the Jacksonville Jaguars, seeking more than $3.5 million in sal[Read More...]
Read More Legal News »

Follow Us!

Follow Us on FacebookFollow Us on Google+Follow Us on TwitterFollow Us on LinkedIn
 
Contact Us | Terms of Use | Privacy Policy