Hooters of America, LLC
Case Number:
8:25-bk-80078
Court:
Nature of Suit:
Firms
Companies
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August 29, 2025
Big Brands To Hit Bankruptcy In 2025 So Far
When packaged-foods giant Del Monte filed for bankruptcy this summer with $1.23 billion in debt, it became another iconic brand to seek relief in bankruptcy court, joining public-facing names such as Claire's and Hooters of America.
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August 20, 2025
Hooters' Ch. 11 Plan's Approval Held Up By Lags Royalty Row
A Texas bankruptcy judge postponed a decision Wednesday on restaurant chain Hooters of America's Chapter 11 plan amid a dispute over whether creditor Lags Equipment holds a secured claim against the company, an issue Hooters said threatens to "imperil" its proposed restructuring.
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August 18, 2025
Del Monte Gets Final DIP OK, Yellow Corp. Seeks $16M Sales
A New Jersey bankruptcy judge handed down final approval of Del Monte's debtor-in-possession financing, Yellow Corp. asked a Delaware bankruptcy judge to approve $16 million in real estate sales, and the U.S. trustee objected to confirmation of Chapter 11 plans for Hooters and a Catholic diocese. This is the week in bankruptcy.
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August 13, 2025
U.S. Trustee Objects To Hooters' Ch. 11 Plan Confirmation
The U.S. Trustee's Office objected to final approval of restaurant chain Hooters of America's Chapter 11 plan disclosure statement and confirmation of its proposal, saying there were outstanding issues with the plan's injunction and release provisions.
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June 25, 2025
Hooters Creditors Oppose Buyer Group's Ch. 11 Break-Up Fee
The official committee of unsecured creditors for restaurant chain Hooters of America objected to a proposed break-up fee payable to a buyers' group, telling a Texas bankruptcy judge break up fees are meant to spur bidding in a way that is unnecessary in this Chapter 11 case.
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June 23, 2025
23andMe Sale Nears Ruling, Tariff Policies Drive Bankruptcy
A Missouri bankruptcy judge said he will soon rule on the proposed $305 million sale of 23andMe to a nonprofit led by its co-founder. Meanwhile, shifting tariff policies under President Donald Trump have been blamed for recent bankruptcies, and experts at a conference in New York discussed the future of Chapter 11 and how a second Trump term could shape bankruptcy law.
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June 17, 2025
Hooters Can Seek Ch. 11 Plan Votes Following Creditor Deal
A Texas bankruptcy judge determined Tuesday that Hooters of America may solicit votes on its Chapter 11 plan after the troubled casual dining chain reached an agreement with its unsecured creditors committee, overruling objections lodged by the U.S. Trustee's Office.
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June 05, 2025
Hooters Closes Locations As It Pursues Ch. 11 Franchise Shift
Bankrupt casual dining chain Hooters of America began shuttering dozens of restaurant locations throughout the United States Wednesday as it pursues a Chapter 11 restructuring that will see its plan disclosure statement up for approval next week.
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May 19, 2025
Rite Aid Touts Pharmacy Sales, Yellow's $14M Sales OK'd
Rite Aid Corp. announced proposed deals to hand off pharmacy assets to operators including CVS and Walgreens in its Chapter 11. Defunct trucking company Yellow Corp. obtained bankruptcy court permission to sell for about $14 million. Forever 21 said it is likely to liquidate and hasn't found a buyer, then got the OK to take votes on its Chapter 11 plan.
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May 13, 2025
Hooters Can Tap Full $40M DIP In Chapter 11
Restaurant chain Hooters can tap the last $30 million of its $40 million Chapter 11 debtor-in-possession loan after it agreed to escrow disputed royalty revenue to quell a creditor's objection during a Tuesday hearing in a Texas bankruptcy court.