Fatburger owner Fat Brands received court approval for its liquidation plan. | Photo: Shutterstock.
In the end, the Fat Brands bankruptcy process didn’t take that long after all.
A U.S. bankruptcy court gave the go-ahead for the company’s liquidation plan, signaling the beginning of the end of a case that had started with a rash of controversy but ended with the sale of all but one of its restaurant chains and more consensus than dispute.
The plan does include funds for potential legal claims against Fat Brands’ former CEO Andy Wiederhorn. It also had to overcome a couple of challenges, including one from the U.S. Trustee. But ultimately U.S. Bankruptcy Judge Alfredo Perez opted to give his endorsement to the exit strategy.