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Meritage Hospitality Group files Chapter 11
The gist
Meritage Hospitality Group filed Chapter 11 on Sep 17, keeping 314 Wendy's open.
Its roughly 9,000 workers and a $24.9 million Wendy's claim hang on the restructuring.
How it unfolded
- Sep 17, 2026Meritage voluntarily filed for Chapter 11 in the U.S. Bankruptcy Court for the Western District of Michigan, saying it plans to keep all restaurants open and continue paying its roughly 9,000 employees, subject to court approval.
- Sep 18, 2026Filings showed estimated assets and liabilities both in the $10 million to $50 million range, with Quality Is Our Recipe LLC, Wendy's franchise business, listed as top unsecured creditor at $24.9 million for deferred franchise fees.
- Sep 18, 2026Meritage said it is obtaining debtor-in-possession financing and will file customary first-day motions to keep paying wages and benefits and honor certain customer programs; McDonald Hopkins is legal counsel and Fort Dearborn Partners is restructuring advisor.