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A bankruptcy filing could potentially be on the menu for Hooters of America in the near future.
The company is looking at possibly filing for bankruptcy as a means of restructuring the restaurant chain and tackling its debt, Bloomberg reported Friday, citing unnamed sources.
Ropes & Gray has reportedly been brought on board for preparations for that potential move and, according to the outlet, they could file court papers on Hooters’ behalf in the coming two months to kick off the restructuring if the restaurant chain decides to take that step.
NASHVILLE – DECEMBER 31: Hooters Restaurant on December 31, 2015 in Nashville, Tennessee. (Photo By Raymond Boyd/Getty Images) ( Raymond Boyd/Getty Images / Getty Images)
The company’s consideration of entering bankruptcy comes as it has been contending with debt, liquidity…
