If you’re from the Valley of the Sun, you may have fond memories of snacking on passion bread knots at your local Streets of New York. This pizza chain has been a staple in Phoenix since 1976. Streets of New York has even been recognized as the official pizza of the Phoenix Suns and the Arizona Diamondbacks. But on October 16, 2025, after nearly 50 years in business, Streets of New York filed a chapter 11 bankruptcy petition. This petition stated that the company has somewhere between $100,000 and $1,000,000 in both assets and liabilities. But the bankruptcy case was short-lived. The next day, on October 17, 2025, the court filed a deficiency notice, meant to inform the debtor that they were missing required documents from their filing. Streets of New York didn’t amend their filing by adding the documents, and the case was dismissed on October 24, 2025, ending protections in place from the bankruptcy’s automatic stay. Until the bankruptcy petition is re-filed, Streets of New York is still considered operational and not in a bankruptcy status. 

You’ve probably noticed that several restaurants around the area are quieter than they used to be just a few years ago. With the cost of living as high as it is, more people are being priced out of restaurants and instead cooking at home. You could also be experiencing a downturn in business due to this phenomenon. If you have debt accruing at a pace you can’t control, you may need extra assistance protecting your assets and clearing your liabilities. Atlas Bankruptcy Lawyers offers reliable legal representation with payment plan options designed to fit your budget. Get started today with your free phone consultation by calling 602-649-4949. 

Lawyers discussing Chapter 11 Bankruptcy options, with legal documents and a gavel on the table, at Atlas Law Arizona.

Streets Of New York Locations In Arizona

Streets of New York has 15 locations throughout Arizona, as well as one in Las Vegas. It filed its petition under chapter 11, which allows the business to stay open, and didn’t indicate any plans to close any of its locations, which are as follows: 

  • East Valley: 1959 S Signal Butte Rd, Mesa AZ 85209
  • East Valley: 5965 W Ray Road, Chandler AZ 85226
  • Fountain Hills: Previously at Shea Blvd and Saguaro Blvd- website states this location is temporarily closed and a new one is opening soon, likely taking over the old Euro Pizza location by the fountain
  • Northwest Valley: 9429 W Union Hills Dr, Peoria AZ 85382
  • Northwest Valley: 6740 W Deer Valley Road, Glendale AZ 85308
  • Northwest Valley: 7805 N 35th Avenue, Phoenix AZ 85051
  • Northwest Valley: 9240 W Northern Ave, Peoria AZ 85345
  • Phoenix: 3120 E Cactus Road, Phoenix AZ 85032
  • Phoenix: 16838 N 7th St, Phoenix AZ 85022
  • Phoenix: 214 E Camelback Road, Phoenix AZ 85012
  • Phoenix: 1985 W Happy Valley Rd, Phoenix AZ 85085
  • Phoenix: 2805 W Carefree Highway, Phoenix AZ 85085
  • Scottsdale: 15560 N Frank Lloyd Wright Blvd, Scottsdale AZ 85260
  • Scottsdale: 6730 E Thomas Road, Scottsdale AZ 85251
  • Prescott: 150 E Sheldon St, Prescott AZ 86301

Which Type Of Bankruptcy Should I Choose?

There are a few different types of bankruptcy that a consumer, or individual, debtor can choose between, assuming they meet the eligibility requirements for each. Chapter 11, the type of bankruptcy filed by Streets of New York, is also available for consumers, but is often far beyond the needs of a regular person, and much more expensive and complicated than the alternatives. Chapter 7 bankruptcy clears unsecured non-priority debt in a matter of several months. Chapter 13 bankruptcy reorganizes debt into a payment plan that lasts 3 or 5 years. Chapter 7 is the more popular of the two, but there are barriers to filing that become relevant in many bankruptcy cases. The chapter that is most appropriate for a debtor’s situation can also depend on the types of debt they have, and whether their assets would be protected in their chosen bankruptcy filing. 

Chapter 7 bankruptcy is favored among debtors because it doesn’t require a payment plan like chapter 13 bankruptcy. This gives households a chance to escape credit card debt, insurmountable medical bills, and other unsecured debts. The debtor is protected from creditor collection efforts throughout their case, which typically lasts about three to six months. While these are powerful debt relief benefits, there are some limitations to addressing debt with chapter 7 bankruptcy. A debtor must prove income eligibility to qualify for chapter 7 bankruptcy. This can be done by comparing household income to state median household income, or by demonstrating disposable monthly income using the means test. Additionally, chapter 7 bankruptcy doesn’t clear secured or priority debts. If the debtor is facing collection on these types of debts, creditors will only be fended off by the automatic stay for as long as the case lasts. If the debtor doesn’t rectify the balance in arrears before their case is discharged or dismissed, the creditor can carry on with collection. Another reason someone might avoid filing for chapter 7 bankruptcy is if their assets would be at risk in this type of case. 

Chapter 13 bankruptcy is another form of debt relief that comes with protection from the automatic stay. Instead of clearing unsecured debts, it reformulates debts into a payment plan paid off in a certain order: bankruptcy fees, secured debts, priority debts, and finally, to the extent possible, unsecured debts. This gives the debtor a chance to pay off debts that wouldn’t be affected by a chapter 7 bankruptcy filing in a court-supervised payment plan based on their personal financial situation. While chapter 7 bankruptcy debtors must show that their income falls below a certain level to qualify, chapter 13 bankruptcy debtors must be able to show that they earn enough to pay off the first three categories of debt listed above. Chapter 13 bankruptcy debtors are usually able to retain all of their assets in a successful filing. 

If you’re considering a personal bankruptcy filing in Arizona, there’s a high likelihood that you can rule out chapter 11 bankruptcy as one of your options. This year, there have been 10,493 bankruptcy cases filed in Arizona as of October. Of those, 8,640, or 82%, of those cases were chapter 7 filings. Chapter 13 makes up 16% of Arizona bankruptcy cases so far this year with 1,726 filings. With only 126 chapter 11 filings so far this year, this accounts for about 1% of Arizona’s bankruptcy cases. Need help determining which type of bankruptcy, if any, is right for you? Schedule your free consultation with Atlas Bankruptcy Lawyers today at 602-649-4949. 

Take the First Steps Towards Comprehensive Debt Relief Today With Your Free Consultation

There are many moving parts to a successful bankruptcy filing, and Streets of New York’s bankruptcy dismissal is just one example of what can go wrong when a petition is filed incorrectly. Too many bankruptcy debtors assume that they can’t afford bankruptcy counsel and file their cases inaccurately under self-representation. As a leading bankruptcy lawyer in Arizona, we make quality legal representation more affordable with risk-free consultations by phone and flexible post-filing payment plan options. See if you qualify today by scheduling your free consultation at 602-649-4949 to learn more.