In the case of Hooters, which seeks to restructure itself, the chain may be seeking Chapter 11 bankruptcy, which allows a company or individual to reorganize finances to remain afloat.

In The Villages, Florida, Hooters opened its doors on Monday, becoming the first new location since Hooters of America filed for Chapter 11 bankruptcy earlier this year as part of an effort to ...

Hooters opens its first new location in The Villages, Florida, retirement community since filing for Chapter 11 bankruptcy — with residents lining up early for the grand opening.

This is a summary of a request from the Official Committee of Unsecured Creditors of Hooters to hire Kelley Drye & Warren as special co-counsel, filed June 4 with the U.S. Bankruptcy Court in Dallas.

"Hooters is filing for bankruptcy because they didn’t adapt to the times. Change it up to a goth girl theme and they’d have wait times like Texas Roadhouse," they advised.

Food Hooters transitions to franchise-only model in latest Georgia closings The two additional closures in Georgia follow the chain's previously announced Chapter 11 bankruptcy.

A small, Houston-based restaurant chain, District 7 Grill, has filed for Chapter 11 Subchapter V bankruptcy protection in the ...