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Roscoe’s Files its Exit Plan from Chapter 11

The Next Idea informs us about Roscoe’s filing its exit plan from Chapter 11. - https://goo.gl/uzEevy

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Roscoe’s Files its Exit Plan from Chapter 11

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  1. Roscoe’s Files its Exit Plan from Chapter11 Under Chapter 11 management by The Next Idea, Restaurant Management Group In Partnership with Restaurant Finance Group, Triple Enterprises; reporting into court appointed Trustee, Roscoe’s parent company, East Coast Foods filed a repayment plan that returns the bankrupt business to its owner and repays all creditors in full. Consulting And

  2. This is a very unusual and favorable outcome for a Chapter 11 business, and is a direct result of the operational improvements and financial controls installed by The Next Idea and Triple Enterprise teams. The result was an ability to show the long-term profitability of the business with a higher than market average cash flow, and thus an ability to repay the entire debt over a reasonable timeframe. We are delighted to see such a positive result for Roscoe’s and wish them well as they emerge from bankruptcy. This case demonstrates that it is always possible to turn around a troubled business and emerge without negatively impacting jobs, suppliers or customers.

  3. https://la.eater.com/2018/1/23/16924176/ros coes-house-of-chicken-and-waffles-27-millio n-debt LOS ANGELES OFFICE info@thenextidea.net (t) 818 887 7714 (f) 818 884 2411 GCC OFFICE uae@thenextidea.net MUMBAI OFFICE india@thenextidea.net

  4. TRIVANDARUM OFFICE info@thenextidea.net FOR TECHNOLOGY ENQUIRIES +1 818 887 7714 info@thenextidea.net NEW TNI FRANCHISE AVAILABLE +1 818 887 7714 franchise@thenextidea.net http://www.thenextidea.net http://www.thenextidea.net/contact-us

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