PGHC Holdings’ chapter 11 is no longer an operating restructuring: the cases were dismissed in March 2020, ending any continuing debtor-in-possession financing or sale-process authority. The case began on November 5, 2018, when the Papa Gino’s and D’Angelo operator and affiliates sought chapter 11 protection amid an overextended restaurant footprint, competitive and consumer-ordering pressures, and a prepetition capital structure of approximately $92.6 million in funded debt. The debtors’ first-day declaration described the operating challenges and the effort to pursue strategic alternatives before the filing in the first-day declarationDkt. 4.