Sticky's Holdings LLC, parent of a 20-entity fast-casual chicken-finger restaurant chain founded in 2012, filed Chapter 11 protection under Subchapter V on April 25, 2024 in Delaware (Case No. 24-10856, Judge J. Kate Stickles) after experiencing post-COVID foot traffic collapse, commodity inflation, delivery app cost increases, and lease/trademark litigation damages. The company had grown from $500K sales in 2013 to $22M+ in 2023 but operated only 12 locations at filing with significant leverage from maturing convertible notes ($2.42M). The SBA held the only secured claim ($300K in EIDL obligations). A significant disparity existed between asserted claims ($110M on the docket) and estimated actual unsecured debt ($650K per books). The Modified First Amended Subchapter V Plan was confirmed on November 13, 2024 with an effective date of November 29, 2024, providing for reinstatement of the SBA claim, pro rata payment of unsecured claims from three years of projected disposable income (commencing June 2027), and retention of equity. However, the debtors defaulted shortly after the effective date due to post-confirmation administrative burdens and lease disputes. The cases were converted to Chapter 7 on July 10, 2025 due to administrative insolvency and no reasonable likelihood of rehabilitation.