PGHC Holdings, Inc., along with eight affiliates and subsidiaries, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-12537). Based in Dedham, MA, the Debtors collectively own and operate the Papa Gino’s and DeAngelo’s restaurant chains. The Petition estimates the Debtors’ liabilities to be between $50-$100 million and that the Debtors’ assets will be insufficient for a distribution to unsecured creditors. The board resolutions attached to the petition contemplate a sale under section 363 of the Bankruptcy Code and authorize the Debtors’ entry into an asset purchase agreement with WC Purchaser LLC for substantially all of the debtors’ assets. Epiq Corporate Restructuring, LLC is the proposed claims and noticing agent. The cases have been assigned to the Honorable Mary F. Walrath.