Creditors for the nation’s second-largest Applebee’s franchisee were cleared yesterday to begin voting on the bankrupt company’s reorganization plan, but a judge said language needed to be more prominent about a dispute with the chain’s parent and potential funding problems, WSJ Pro Bankruptcy reported. RMH Franchise Holdings Inc., which has closed about 20 stores since it filed for bankruptcy in May and has said it might shutter more, is also negotiating with additional landlords for lease concessions. RMH appeared in U.S. Bankruptcy Court in Wilmington, Del., yesterday seeking permission to allow its creditors to begin voting on its proposed bankruptcy plan. Bankruptcy Judge Brendan Linehan Shannon said that he would approve RMH’s disclosure statement, a document that describes how the financial restructuring will work so creditors can decide how to vote on it but told the restaurant operator that it needed to make certain modifications, including more prominent mention of the ongoing dispute between it and Applebee’s Restaurants LLC.
