Popular Midwest Donut Chain Files for Chapter 11 Bankruptcy
Jack’s Donuts of Indiana Commissary LLC filed for Chapter 11 bankruptcy on Wednesday in U.S. Bankruptcy Court for the Southern District of Indiana. The filing reveals the commissary carries $14.2 million in liabilities against approximately $1.4 million in assets and lists more than 100 creditors. Two related entities—Marcum Industries and KCL Group—filed simultaneously. According to […]
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Hooters Files for Bankruptcy with Plan to Bring Back Original Founders
Hooters of America has filed for Chapter 11 bankruptcy and entered into a Restructuring Support Agreement to sell restaurants to a group that includes the chain’s original co-founders. The company announced on Monday that they will remain fully operational during the bankruptcy process, with the buyer group comprising two franchisees that collectively own almost one-third […]
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Forever 21 Trademark Owner Called Buying Store ‘Biggest Mistake’ Before Bankruptcy
Clothing store Forever 21 has long been synonymous with shopping malls across the United States. The fast-fashion giant, which previously filed for bankruptcy in 2019, is facing financial turmoil once again. The retailer has sought Chapter 11 protection for a second time, citing competition from fast fashion companies overseas and an inability to sustain physical […]
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