Old Chicago parent company declares bankruptcy
NASHVILLE — CraftWorks Holdings LLC, parent company to the Boulder-born Old Chicago Pizza & Taproom restaurant chain, filed for Chapter 11 bankruptcy protection Tuesday in U.S. Bankruptcy Court in Delaware.
CraftWorks lists assets between $100 million and $500 million and liabilities within that same range. The firm has between 1,000 and 5,000 creditors, according to court documents.
On Tuesday, the firm announced a credit and asset purchase agreement with investor Fortress Credit Co. LLC that reduces CraftWorks debt by $140 million, or about 60 percent.
“Over the past 16 months, we have made significant progress…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!
Related Posts
-
Voters in the southeastern Weld County town of Hudson were opposing Ballot Issue 2F, a…
-
Four Colorado hotels made the prestigious Condé Nast "Reader's Choice" list of best hotels across…
-
Tamika Weiss has been named director of sales and marketing at The Elizabeth Hotel in…
-
Louisville-based online used bike retailer The Pro’s Closet will ride off into the sunset, announcing…
