Core Insights - Bertucci's, an Italian restaurant chain, is undergoing a significant restructuring process after facing multiple bankruptcy filings, aiming to shift towards a fast-casual dining model [5][6] Company Overview - Bertucci's opened in 1981 in Somerville, Massachusetts, offering a unique combination of brick-oven pizza and a full Italian menu, which included bocce courts for a higher-end dining experience [2][3] - At its peak, Bertucci's expanded to over 100 locations along the East Coast, but has since drastically reduced to only 12 locations following financial difficulties [4] Bankruptcy and Restructuring - The company has filed a comprehensive disclosure statement with the U.S. Bankruptcy Court, outlining a proposed reorganization plan to emerge from Chapter 11 protection [5] - The plan includes provisions for paying off creditors, with the largest creditor, PHL Holdings LLC, holding a secured claim of $23.264 million, which will be serviced through monthly interest payments over a 60-month term [6] - A smaller equipment financing claim from Ameris Bank, totaling $69,664, will be satisfied through 53 monthly payments of $1,306.37 [6]