Quiznos emerges from bankruptcy

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Associated Press

Posted on July 1, 2014 at 7:01 AM

Updated Tuesday, Jul 1 at 7:02 AM

DENVER (AP) — Quiznos says it has emerged from bankruptcy after restructuring its finances.

The toasted sandwich chain filed for Chapter 11 bankruptcy protection in March and reduced its debt by more than $400 million.

The Denver company owns and operates only seven of the nearly 2,100 Quiznos restaurants around the country. The rest are owned operated by franchisees and weren't part of the bankruptcy proceedings.

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