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Back Yard Burgers

The firm was counsel to the creditors’ committee of Back Yard Burgers. The debtors are a quick-service restaurant chain with 90 locations throughout the Southeast. The creditors’ committee was able to reach a deal for significantly improved treatment of unsecured creditor recoveries over the proposed starting position and was a coproponent of the plan of reorganization, which was confirmed. The improved plan resulted in a waiver of avoidance actions, including preference claims, for unsecured creditors as well as a projected distribution of 26%.

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