It’s the latest in a growing number of major restaurant chains that have filed for protection in bankruptcy court after struggling to manage the heavy debt it accumulated during the COVID-19 pandemic.
It won’t be the last either, according to bankruptcy attorney Daniel Gielchinsky, who projected there will likely be more restaurants filing for protection over the coming years.
TGI Friday’s, Denny’s, Ruby Tuesday, Rubio’s Coastal Grill and Red Lobster have filed for protection in bankruptcy court in recent years, with Hooters of America potentially joining the list.