Bankruptcy Judge Benjamin Kahn has confirmed K&W Cafeteria Inc.’s chapter 11 reorganization plan, which calls for keeping 14 stores open while paying off largest creditor Truist Financial Corp. by July 1, 2022, the Winston-Salem (N.C.) Journal reported. K&W, a Winston-Salem-based staple of Southern comfort foods for 84 years, filed for Chapter 11 protection on Sept. 2 as the latest step in a corporate downsizing that began before the COVID-19 pandemic. K&W submitted its reorganization plan on March 31. Judge Kahn. approved the plan on Tuesday. K&W had 18 restaurants open at the time of the bankruptcy filing, including three in Winston-Salem and 14 in North Carolina. It now has 14 locations, including those on Healy Drive and on Hanes Mill Road in Winston-Salem. It has closed the South Park location off Peters Creek Parkway. K&W said it had 1,035 employees when it entered bankruptcy, but was down to 834 employees as of the Dec. 23 filing.
