Tag Archives: allowance

If Quiznos’ debts are discharged in bankruptcy, how do its creditors account for the effect of the bankruptcy?

The sandwich chain Quiznos has filed for Chapter 11 bankruptcy protection, which will allow it to continue operating while it works out a debt-restructuring plan with creditors.  Senior lenders would receive equity in exchange for the debt. On the other hand, some junior creditors may not get paid the monies due to them from Quiznos.  […]

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