RMH Franchise Holdings, Inc., an Applebee’s franchisee based in Atlanta, GA, has, along with four subsidiaries and affiliates, filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-11092). RMH’s petition reports an estimated $100 – $500 million in assets and liabilities. RMH made headlines two months ago upon discovering that unauthorized software had been placed in its point of sale system at certain restaurants. Although First Day Motions have not yet been filed, the Board Resolution attached to the Petition discloses that RMH intends to secure DIP financing. A motion to appoint a claims and noticing agent has not yet been filed. The cases have been assigned to the Honorable Brendan Linehan Shannon.
Contact Norman L. Pernick or G. David Dean for more information regarding this matter. Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.