What is the name of the court where Cicis' bankruptcy petition was filed?
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 the 2025 Cicis Franchise Disclosure Document, some of Cicis' current and former affiliates filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code on January 25, 2021. The filing occurred in the U.S. Bankruptcy Court, Northern District of Texas (Dallas). 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 were closed by August 30, 2024.
For a potential franchisee, this indicates that Cicis has undergone a recent bankruptcy reorganization. While the company has emerged from bankruptcy, it is essential to understand the reasons for the bankruptcy and the potential impact on the franchise system. This includes assessing the financial stability of the franchisor and its ability to support franchisees.
It would be prudent for a prospective franchisee to seek further clarification from Cicis regarding the bankruptcy, including the specific reasons for the filing, the terms of the reorganization plan, and the long-term financial outlook for the company. Additionally, consulting with a financial advisor and legal counsel is recommended to fully evaluate the risks and opportunities associated with investing in a Cicis franchise.