Hooters of America, LLC
Case Number:
8:25-bk-80078
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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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.
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April 11, 2025
Outdated Brand Could Hinder Hooters' Ch. 11 Recovery
Hooters has built its brand on buxom women wearing orange micro shorts while serving hot wings and frosty mugs of beer, but experts said the racy concept that made it a household name is outdated and could stymie the company's recovery as it seeks to emerge from Chapter 11.
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April 07, 2025
J&J Ch. 11 Case Tossed, New Tariffs May Boost Bankruptcies
A Texas bankruptcy judge dismissed Johnson & Johnson's third attempt to settle cancer claims through Chapter 11, tossing Red River Talc's bankruptcy case and a $9 billion deal. Law360 has learned that dozens of employees of the U.S. Trustee Program have accepted buyouts. And experts say new tariffs under President Donald Trump may drive even more insolvencies as economic pressures mount.聽This is the week in bankruptcy.聽
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April 02, 2025
Hooters Can Tap $5M Of Its $40M In Proposed Ch. 11 Loans
Bankrupt restaurant chain Hooters of America LLC can access $5 million in interim financing from a $40 million debtor-in-possession package from its prepetition lenders as it transitions to a franchise-only model, a Texas bankruptcy judge said Wednesday.
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April 01, 2025
Catching Up With New Bankruptcy Case Action
Restaurant chain Hooters launched a Chapter 11 case with about $380 million in debt, saying it has reached a deal to shed its company-owned restaurants and trade debt for equity. Gastropub chain Bar Louie filed for bankruptcy, listing nearly $70 million of debt, about five years after its creditors took over the business during a previous bankruptcy. And a聽sustainability-focused financial services company filed for Chapter 11 less than a month after the firm's founder was arrested and charged with fraud.