When was the bankruptcy case closed against Pizza Parent, LLC, a Cicis affiliate?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
U.S. Bankruptcy Court, Northern District of Texas (Dallas) Bankruptcy Petition: 21-30146-sgj11: On January 25, 2021, some of our current and former affiliates, namely, Cici's Holdings, Inc., Awesome Acquisition Company, CAC, CiCi Enterprises, CiCi GP, LLC, CiCi Services, JMC GP, LLC, JMC Restaurant Distribution, LP, and Pizza Parent, LLC, filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code. All the debtors share our principal business address. On March 3, 2021, the court approved the debtors' and creditors' pre-packaged Plan of Reorganization, and March 10, 2021, CiCi Enterprises emerged from bankruptcy. On July 2, 2021, the bankruptcy cases against all the petitioners except Pizza Parent, LLC were closed. On August 30, 2024, the case was closed against Pizza Parent, LLC.
Source: Item 4 — BANKRUPTCY (FDD page 11)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, Pizza Parent, LLC, along with several other Cicis affiliates, filed a voluntary petition for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code on January 25, 2021. The court approved the debtors' and creditors' pre-packaged Plan of Reorganization on March 3, 2021, and CiCi Enterprises emerged from bankruptcy on March 10, 2021.
The bankruptcy cases against all petitioners except Pizza Parent, LLC were closed on July 2, 2021. This means that while most of the affiliated entities involved in the bankruptcy proceedings had their cases resolved relatively quickly, Pizza Parent, LLC's case remained open for a longer period.
The bankruptcy case against Pizza Parent, LLC was finally closed on August 30, 2024. For a prospective franchisee, this indicates that while Cicis itself emerged from bankruptcy in early 2021, some of its affiliates experienced longer resolution processes. This may be a point of due diligence for potential franchisees to understand the reasons for the extended duration and any potential implications it might have on the franchise system.