Roscoe’s Chicken and Waffles
Financial advisor to the official committee of unsecured creditors*
Famous LA-based Chicken and Waffle Chain
Roscoe's, a chain of chicken-and-waffle restaurants, was a Trustee in Possession under Chapter 11. Force 10, serving as financial advisor to the Official Committee of Unsecured Creditors, developed and confirmed an unsecured creditor Plan of Reorganization. As Plan Administrator, we ensured the reorganization proceeded as specified. Force 10 reduced IRS claims by $11 million, structured and monitored a $40 million real estate collateral package, monitored operations, and resolved covenant issues while collecting cash flow for the benefit of Plan beneficiaries.
