BurgerFi International, Inc., the multi-brand parent of BurgerFi (fast casual 'better burger' concept) and Anthony's Coal Fired Pizza & Wings, filed for Chapter 11 protection on September 11, 2024 in the U.S. Bankruptcy Court for the District of Delaware (Case No. 24-12017, Judge Craig T. Goldblatt). At filing, the company operated 144 total restaurant locations (91 BurgerFi, 51 Anthony's) across corporate and franchised formats. The company faced significant operational and financial distress driven by declining same-store sales (BurgerFi: 13% decline in Q1 2024), accumulated losses ($18.4M net loss in Q2 2024), post-pandemic consumer spending contraction, inflation, and rising food and labor costs. At filing, secured debt totaled approximately $75.9 million (TREW senior facility ~$57.8M plus CP7 junior facility ~$18.1M). The debtors obtained DIP financing of approximately $20.2 million from TREW Capital Management Private Credit 2 LLC. Both brands were sold via section 363 asset sales for an aggregate $54 million credit bid ($44M for Anthony's; $10M for BurgerFi), with sale orders entered November 8, 2024. A chapter 11 liquidating plan was confirmed on March 12, 2025 (effective March 17, 2025), establishing a liquidating trust administered by Daniel F. Dooley to manage retained causes of action and make distributions to creditor classes. General unsecured creditors face projected recoveries of 0.0% to unknown pending outcomes of litigation and cause-of-action recoveries.