The Sticky's Holdings LLC cases were converted to Chapter 7 on July 10, 2025, ending a Subchapter V reorganization that had produced a confirmed plan only months earlier. The conversion resets the matter from a debtor-led exit to a trustee-administered liquidation.
Sticky's Holdings and 20 affiliated entities — a Manhattan-rooted fast-casual chicken-tender chain operating 12 locations across New York and New Jersey at filing — commenced their Subchapter V cases on April 25, 2024 with a Voluntary PetitionDkt. 1. The filing followed a rapid post-pandemic unwind of a business that had grown from roughly $500,000 in 2013 sales to $22 million by 2023. Per the First Day Declaration of CEO Jamie GreerDkt. 13, the distress stemmed from compounding COVID-era pressures: mandated closures and foot-traffic decline in core Manhattan commuter markets, a margin-eroding pivot to delivery platforms, and commodity inflation in chicken and potatoes. Those operational headwinds collided with a balance sheet stressed by roughly $1.01 million in unsecured trade payables, an approximately $600,000 lease-litigation judgment, trademark-litigation costs, and a March 31, 2024 convertible-notes maturity of approximately $2.42 million. The Small Business Administration, holding an approximately $300,000 Economic Injury Disaster Loan, was the debtor's only secured creditor at petition.
The debtor pursued an accelerated plan track. After lodging a Plan SupplementDkt. 268 in August 2024, Sticky's filed its in October 2024 — a two-class reorganization — which was confirmed on November 13, 2024 and became effective November 29, 2024.
The reorganization did not hold. By May 8, 2025, the Reorganized Debtors were back in court seeking approval of a Second Modified First Amended Plan of Reorganization, and roughly two months later the cases were converted to Chapter 7. With no further plan or financing relief apparent in the docket, the case now turns on asset recovery and distribution by a Chapter 7 trustee rather than continued debtor-led restructuring.
