{"id":4915,"date":"2020-03-24T12:07:00","date_gmt":"2020-03-24T17:07:00","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=4915"},"modified":"2020-03-18T12:10:28","modified_gmt":"2020-03-18T17:10:28","slug":"bar-louie-files-chapter-11-bankruptcy","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=4915","title":{"rendered":"Bar Louie Files Chapter 11 Bankruptcy"},"content":{"rendered":"\n<p>Bar Louie, announced that its lenders will serve as a stalking horse purchaser in its upcoming Chapter 11 bankruptcy filing. A stalking horse purchaser allows a guaranteed bid on the company\u2019s debt to increase the value of the company in bankruptcy court.\u00a0 The company will continue to operate its more than 90 locations across the United States in the normal course of business, according to a report from PR Newswire.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i.pinimg.com\/736x\/6c\/19\/2d\/6c192d58c0fe3e02b64fb755d07848b0--promenade-trendy.jpg\" alt=\"See the source image\" width=\"202\" height=\"135\"\/><\/figure><\/div>\n\n\n\n<p>Bar Louie, announced that its lenders will serve as a stalking horse purchaser in its upcoming Chapter 11 bankruptcy filing. A stalking horse purchaser allows a guaranteed bid on the company\u2019s debt to increase the value of the company in bankruptcy court.\u00a0 The company will continue to operate its more than 90 locations across the United States in the normal course of business, according to a report from PR Newswire.<\/p>\n\n\n\n<p>Bar Louie has filed\nvoluntary petitions for relief under Chapter 11 protection of the United States\nBankruptcy Code in the United States Bankruptcy Court for the District of\nDelaware. Daily operations will continue as normal through the bankruptcy\nprocess. The Company expects the Chapter 11 process to last at least 90 days.<\/p>\n\n\n\n<p>Got debt? Contact our\noffice at 816-524-4949 or visit our website:&nbsp;<a href=\"http:\/\/www.hoorfarlaw.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">www.hoorfarlaw.com<\/a>&nbsp;to explore options on how we can help you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bar Louie, announced that its lenders will serve as a stalking horse purchaser in its upcoming Chapter 11 bankruptcy filing. A stalking horse purchaser allows a guaranteed bid on the company\u2019s debt to increase the value of the company in &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=4915\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[76,736],"class_list":["post-4915","post","type-post","status-publish","format-standard","hentry","category-general","tag-bankruptcy","tag-debt"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4915"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4915\/revisions"}],"predecessor-version":[{"id":4916,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4915\/revisions\/4916"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}