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LQD, which is listed in the bankruptcy filing as being owed $6.65 million by Crave Brands, had alleged that the filings were “a stunt Crave’s former manager pulled to stay in charge,” among other alleged improprieties that LQD claimed should invalidate the case.
Chicago-based Meatheads, which operates the 13-unit fast-casual Meatheads Burgers & Fries concept, said in a statement provided to Nation’s Restaurant News on Friday that it has since held “several discussions” with LQD and that it expects to propose a plan of reorganization in the next 30 days.
The Meatheads and Crave Brands bankruptcy petitions were both signed by Steve Karfaridis, manager, who LQD had alleged did not have the authority to file the bankruptcy because he had been replaced as manager before the filing. LQD said it had replaced Karfaridis with Robert Handler, who LQD had contended remains the current manager and did not authorize the bankruptcy filing. ....

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