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 ...

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.

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

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

Restaurant chain Hooters of America (HOA) has filed for bankruptcy in the US state of Texas, aiming to tackle its $376m debt by selling all its corporate-owned restaurants to a buyer group.

Hooters, in debt more than $370 million, said inflation and resulting consumer spending shifts led to a “tight liquidity crunch” and the need to restructure. The Hooters filing comes just days after ...

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 ...