Filing Alert: American QSR Chapter 11

American QSR, Inc. and its debtor affiliates⁽¹⁾, a Magnolia, TX-based operator of quick-service restaurant franchises, notably operating Popeyes Louisiana Kitchen locations in the Beaumont-Port Arthur area of Southeast Texas, filed for Chapter 11 protection on Feb. 21 in the U.S. Bankruptcy Court for the Eastern District of Texas.

The company reports $0 to $50,000 in assets and $10 million to $50 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-40475.

⁽¹⁾ 10831 Phelan Blvd LLC; 2307 Gulfway Dr LLC; 2873 Link Ave LLC; 2958 Highway 365 LLC; 3252 Eastex Fwy LLC; 3954 N Wheeler LLC; 4763 N Main St LLC; 13951 Highway 69 LLC; 10964 Twin City Hwy LLC; 13514 S LHS Dr LLC; 13730 Frontage Rd LLC; 13950 Ferry Dr LLC; 2271 Washington Blvd LLC.

Top Unsecured Claims

Key Parties

Counsel:

• Howard Marc Spector
• Spector & Cox, PLLC
• Email: hms7@cornell.edu

Signatories:

• Jeremiah Foster – Chief Restructuring Officer

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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