Last Call Guarantor bid procedures approved; auction set for Sept. 20

By Caroline Salls

Pittsburgh, Sept. 1 – Last Call Guarantor, LLC received court approval of the bid procedures for the proposed sale of substantially all of its assets, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Under the approved procedures, bids are due by 4 p.m. ET on Sept. 16. An auction will be held on Sept. 20, if necessary.

The sale hearing is scheduled for Sept. 29.

Bids must include a deposit equal to the greater of $100,000 or 10% of the proposed purchase price.

Bids at auction must be made in minimum increments of $100,000.

Last Call, the owner of Fox & Hound Restaurant, Bailey’s Sports Grille and Champps Kitchen, is a Dallas-based restaurant operator. The company filed bankruptcy on Aug. 10 under Chapter 11 case number 16-11844.

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