On February 24, 2020, Cosi, Inc., along with six of its subsidiaries, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (Lead Case No. 20-10417). Debtor estimates that the value of its assets is between $10-50 million, and its liabilities are also estimated to be between $10-50 million. It is presently expected that funds will be available for distribution to unsecured creditors. The cases have not yet been assigned.
Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtor’s counsel.