One Table Restaurant Brands’ jointly administered Chapter 11 cases are closed following consummation of a confirmed liquidation plan; the court found the estates fully administered and entered a final-decree orderDkt. 930 on July 1, 2026. One Table and its affiliates commenced the cases on July 17, 2024, as reflected in the lead debtor’s Chapter 11 petitionDkt. 1. The group entered bankruptcy operating 39 Tender Greens and Tocaya restaurants with approximately 1,147 employees. Its first-day declarationDkt. 13 attributed the filing to persistent post-pandemic weakness in office-district traffic, deteriorating third-party delivery economics and a sharp reduction in a delivery revenue guarantee, underperformance at Tocaya, rising food and labor costs, and a floating-rate secured loan whose rate had reached 15.9%.
The debtors began the cases seeking to preserve restaurant operations while marketing the business. The same first-day declarationDkt. 13 described approximately $28 million of senior secured term debt, roughly $15.9 million of unsecured obligations, a Breakwater postpetition facility of up to $3 million, and Hilco Streambank’s retention to pursue an asset sale. That process ultimately shifted the case from operational stabilization to liquidation: the debtors later certified that substantially all assets had been sold by October 30, 2024Dkt. 929. The court then approved the disclosure statement and confirmed the debtors’ amended combined Chapter 11 plan of liquidation on November 6, 2025, substantively consolidating the estates for voting, confirmation, and distributions under the confirmation orderDkt. 810.
The plan became effective on March 30, 2026, and the debtors represented that plan distributions to allowed claims and professional payments had been completed in their case-closing certificationDkt. 929. The final decree leaves only administrative closeout: the claims agent must deliver final records within 28 days, outstanding quarterly reports are due within 14 days, and remaining U.S. Trustee fees must be paid within 21 days, after which the debtors may complete their dissolution under the case-closing orderDkt. 930.
