Former Perkins’ plan of liquidation accepted by most voting creditors

By Caroline Salls

Pittsburgh, Jan. 10 – The plan of liquidation filed by Pancakes & Pies, LLC, formerly Perkins & Marie Callender’s LLC, was accepted by a majority of voting creditors, according to a ballot report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

All five voting holders of $10.8 million in remaining pre-bankruptcy secured claims voted to accept the plan.

In addition, 370 holders, or 94.15% in number, of $83.73 million, or 99.85% in amount, of general unsecured claims voted to accept the plan, while 23 holders, or 5.85% in number, of $125,072, or 0.15% in amount, of those claims voted to reject it.

The plan confirmation hearing is scheduled for Jan. 14.

Perkins & Marie Callender’s is a Memphis-based operator and franchiser of full-service restaurants. The company filed bankruptcy on Aug. 5 under Chapter 11 case number 19-11743.

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