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Saxby's Coffee files Chapter 11

PostPosted: Tue Aug 18, 2009 12:57 pm
by TimNoble
Saxbys Coffee Worldwide LLC, the Conshohocken-based national franchise chain that wants to be a higher-class Starbucks, says its bankruptcy filing won't delay planned expansion of the 37-store chain into new sites in Philadelphia and beyond.

The company has asked Philadelphia-based U.S. bankruptcy court judge Eric Frank to give it more time to prepare its case, intially filed Aug. 5, for Chapter 11 reorganization. Frank initially said Saxbys had until Aug. 20 to list its creditors, assets and liabilities or he'd throw the case out of court.

http://www.philly.com/philly/blogs/inq- ... delay.html