Chapter 11, Title 11, United States Code.
section of the United States Bankruptcy Code
Wendy’s Franchisee Bankruptcy Puts 9,000 Jobs at Risk
Wendy’s franchisee Meritage Hospitality Group filed for Chapter 11 protection, citing rising costs and weak sales, and plans to keep operating its 314 restaurants while restructuring. Under an agreement with lenders, it could close at least 30 unprofitable locations, though Wendy’s itself is not bankrupt and the filing does not mean a chainwide shutdown.
Business · 7 sources · Sep 26, 2026Read it
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About Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11, while Chapter 13 provides a reorganization process for the majority of private individuals.
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