If you follow along with our content, you see a common trend in what we say about life after bankruptcy. While it’s true that life can be better after bankruptcy, the proper steps have to be taken, or else you’ll end up right back in debt and struggling to make ends meet.

Quiznos serves as a good example.

The popular sandwich chain filed for Chapter 11 bankruptcy on Friday. Through this bankruptcy, they’ll cut their debt by more than $400 million. However, Quiznos isn’t just filing for bankruptcy and calling it quits or filing without any further steps for improvement. To the contrary, they’re continuing operations and making business life more efficient.


“The actions we are taking are intended to enable Quiznos to reduce our debt, execute a comprehensive plan to further enhance the customer experience, elevate the profile of the brand and help increase sales and profits for our franchise owners,” Stuart K. Mathis, Quiznos CEO, said.

Let’s break this quote down and compare it to an individual going through bankruptcy.


“The actions we are taking are intended to enable Quiznos to reduce our debt…”

If you’re an individual struggling to pay bills, you can quickly find that debt takes over your life. The first step towards taking back control of your life is to file for bankruptcy to eliminate that debt.


“…execute a comprehensive plan to further enhance the customer experience…”

As an individual, I equate this to an attitude change. After your bankruptcy is complete, you have a fresh financial start that serves as an opportunity to rebuild your credit and finances the right way. However, if you keep the same attitude towards your creditors (we’ll call them your customers) and put them off because of bad spending habits, then you’ll end up in the same place as you were before your bankruptcy.


“…elevate the profile of the brand and help increase sales and profits for our franchise owners.”

As an individual, one way to elevate your personal brand is to learn new things. When it comes to a bankruptcy, Darrell Castle & Associates has access to a 14-week program that will teach you how to re-establish and rebuild your credit the right way. 

  • Memphis bankruptcy attorney | Memphis bankruptcy lawyer This program, called “7 Steps to a 720,” is offered free to our clients. Once you have these lessons down and implement them, you should see an increase in your disposable income. 

A bankruptcy is nothing to be afraid of, and Quiznos is a good example of how it can be used to get out of debt, back on your feet and on to a better and more efficient life.

If you have any questions or if you’re considering filing for bankruptcy, give us a call at (901) 327-2100 or contact us online and one of our experienced Memphis bankruptcy attorneys will be happy to speak with you about your situation, free of charge.