The business is trying to address its $376 million in debt by selling its company-owned restaurants to a franchise group that already operates some of its Hooters locations in Florida and Illinois.

Lenders are putting in extra money to fund the reorganization proceedings ... Kroll reduced its view on roughly $300 million in Hooters debt last year. Write to Alexander Gladstone at ...

Hooters of America filed for bankruptcy in Texas Monday. The restaurant chain is facing debt amid financial challenges and ...

Saddled with $376 million in debt, Atlanta-based Hooters of America LLC has filed for bankruptcy protection in Texas, but reports its restaurants will stay open. Hooters filed voluntary petitions ...

Hooters filed for Chapter 11 bankruptcy protection in Texas court, a common route for struggling companies hoping to solve their financial problems through reorganization. Hooters said it will ...

Restaurant chain Hooters of America filed for bankruptcy in Texas on Monday, seeking to address its $376 million debt by selling all of its company-owned restaurants to a franchise group backed by ...

Hooters of America has become the latest major ... filing in Texas on Monday after accumulating $376 million in debt. Through the protection, the Atlanta-based company aims to sell 151 of its ...

Hooters, the casual bar and dining franchise ... Lenders are putting in extra money to fund the reorganization proceedings.

Hooters of America filed for bankruptcy in Texas Monday. The restaurant chain is facing debt amid financial challenges and less customers. Hooters of America, with three Michigan restaurants ...