Case filing & court posture: Razzoo's, Inc., a Cajun-themed casual dining chain with 24 locations across Texas, North Carolina, and Oklahoma, filed chapter 11 on October 1, 2025 in the Southern District of Texas (Case No. 25-90522). Dkt. 1 The Honorable Alfredo R. Pérez presides. Dkt. 16

Liquidity & financing path: The debtors obtained a DIP facility comprising $4 million in new money and a $9.57 million roll-up of prepetition secured debt owed to First Horizon Bank. Dkt. 22 Dkt. 60 The company faced approximately $9.65 million in secured debt and $3.1 million in unsecured trade debt at filing, with burdensome lease obligations of roughly $650,000 per month driving the restructuring.

Restructuring outcome: The Court approved bidding procedures on November 4, 2025 Dkt. 130 and subsequently approved the sale of substantially all assets to ThirtyThree97 LLC for approximately $18.8 million (credit bid plus assumed liabilities) on December 23, 2025. Dkt. 202

Sale closing & wind-down: The sale closed on December 29, 2025. The case remains pending in the wind-down phase as the debtors complete administrative matters and distribute proceeds to creditors.