Claim Jumper reached liquidation-plan effectiveness, reported in the effective-date notice Dkt. 800 filed November 22, 2011. The operative path is implementation of the confirmed plan, including distributions to holders of allowed general unsecured claims through a GUC Trust under the liquidation plan Dkt. 724.

Claim Jumper's chapter 11 resulted in a confirmed liquidation plan. The confirmation order Dkt. 763 was filed October 5, 2011, and the effective-date notice Dkt. 800 filed November 22, 2011 reported plan effectiveness. The resulting path is liquidation-plan implementation, with distributions to holders of allowed general unsecured claims contemplated through a GUC Trust under the First Amended Joint Plan of Liquidation Dkt. 724.

The debtor filed its chapter 11 petition Dkt. 1 on September 10, 2010. At filing, the business operated 44 full-service casual dining restaurants and employed approximately 5,300 people. CFO William Taves attributed its financial pressure to the economic downturn, reporting same-store sales declines of 12.1% in 2009 and another 6.3% in the first half of 2010 in his first-day declaration Dkt. 16.

The initial restructuring strategy was a competitive sale process. The first-day declaration Dkt. 16 described a stalking-horse agreement with Landry's Restaurants to acquire substantially all assets for a proposed $52 million purchase price, subject to adjustments and competitive bidding. To support operations during the case, the court authorized interim use of cash collateral and granted adequate protection in the interim cash-collateral order Dkt. 55 filed September 13, 2010.

Claim Jumper reached liquidation-plan effectiveness, reported in the effective-date notice Dkt. 800 filed November 22, 2011. The operative path is implementation of the confirmed plan, including distributions to holders of allowed general unsecured claims through a GUC Trust under the liquidation plan Dkt. 724.

Claim Jumper's chapter 11 resulted in a confirmed liquidation plan. The confirmation order Dkt. 763 was filed October 5, 2011, and the effective-date notice Dkt. 800 filed November 22, 2011 reported plan effectiveness. The resulting path is liquidation-plan implementation, with distributions to holders of allowed general unsecured claims contemplated through a GUC Trust under the First Amended Joint Plan of Liquidation Dkt. 724.

The debtor filed its chapter 11 petition Dkt. 1 on September 10, 2010. At filing, the business operated 44 full-service casual dining restaurants and employed approximately 5,300 people. CFO William Taves attributed its financial pressure to the economic downturn, reporting same-store sales declines of 12.1% in 2009 and another 6.3% in the first half of 2010 in his first-day declaration Dkt. 16.

The initial restructuring strategy was a competitive sale process. The first-day declaration Dkt. 16 described a stalking-horse agreement with Landry's Restaurants to acquire substantially all assets for a proposed $52 million purchase price, subject to adjustments and competitive bidding. To support operations during the case, the court authorized interim use of cash collateral and granted adequate protection in the interim cash-collateral order Dkt. 55 filed September 13, 2010.